KICC assets at risk of auction over Sh211m debt: report - News Summed Up

KICC assets at risk of auction over Sh211m debt: report


However, the Office of Auditor-General, which verified the claims after a special audit in September 2018, warned that court action could cause the KICC to lose its property. “The corporation [risks auctioning of its assets] in the event that the claims are not settled, as most claimants have contracts, LPOs, LSOs and award letters,” the audit report says. The suppliers also have documents showing delivery of goods and services as well as confirmation of works, from the KICC. UHURU'S DIRECTIVEAdvertisementPresident Uhuru Kenyatta has been keen on clearance of all pending bills without audit queries. KICC OWEDThe KICC is reeling under debt but government agencies, private firms including faith-based organisations and non-governmental organizations (NGOs), current and former employees owe it Sh667 million.


Source: Daily Nation January 16, 2020 14:26 UTC



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