Troubled Nakumatt Holdings now wants its former landlord and an auctioneer to admit liability worth billions in losses it incurred during its eviction early this year. Nakumatt was on March 6 evicted from the mall building in Mombasa for failing to pay Sh27.8 million in rent arrears, service charges, and promotion fund. "You illegally, irregularly and unprocedurally extracted a decree arising from a court case that caused Nakumatt to be ejected from the premises." The retailer claims the process was riddled with innumerable acts of looting and vandalism, which was well within the landlord’s knowledge. Also read: Bank occupying former Nakumatt Nyali premises vandalisedNakumatt says Sh1billion will be for losses incurred through direct damage and looting of stock, fixtures, and fittings while Sh10 billion is projected losses incurred through lost income and lost business for the unexpired period of the lease agreement.

Source: The Star September 19, 2018 12:11 UTC