Friday, September 12, 2025 - Shocking revelations have emerged detailing the financial turmoil surrounding lawyer Mathew Kyalo Mbobu, who was gunned down on September 9th along Magadi Road.
At the time of his death, Mbobu was reportedly grappling
with debts totaling over Ksh 261 million, stemming from unpaid loans, withheld
client funds and multiple court judgments.
Sources indicate that Mbobu had been blacklisted by local
banks and had resorted to borrowing from shylocks and credit firms.
Investigations by KTN
revealed that many of these loans had ballooned to nearly ten times their
original value.
In one instance, a Ksh10 million loan taken in 2019 had
grown to Ksh72 million, despite Mbobu having repaid Ksh24 million over two
years.
In 2023, Mbobu faced a lawsuit at Milimani Court after a
religious organization entrusted him with Ksh 250 million for a land sale in
Karen.
While he released Ksh 153 million, he withheld Ksh 97
million.
Justice Francis Gikonyo later ordered him to repay the
amount with interest, allowing only Ksh8.7 million as legal fees.
His financial woes deepened when a Somali shylock demanded
Ksh 52 million repayment for a Ksh 17 million loan tied to a ranch project.
Additionally, in August 2024, another client sued him over
Ksh 40 million awarded through arbitration, alleging the funds were never
released.
Mbobu was shot eight times at close range, according to
Chief Government Pathologist Dr. Johansen Oduor, suggesting a targeted killing.
Investigations are ongoing to determine whether his
financial entanglements played a role in the fatal attack.
The Kenyan DAILY POST
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