KICC face auction as debts entices the entity, warns auditor general

KICC CEO Nana Gecaga briefing.  PHOTO | BMS

KICC face auction after the management failed to pay debts dated back 2015. The businessmen have ganged up following the presidential directive or else head to court.

69 businesses are owed at least Sh211 million, a huge clump daying back to supplies made during the World Trade Organization (WTO) inter-ministerial conference that took place in 2015. Employees' wages and debts totals Ksh. 357 Million.

Reached for comment, the KICC's Finance General Manager, Mr Gerald Kirimi, refused to comment and directed journalists to C.EO, Ms Nana Gecaga.

The KICC is rocking under debt where other government agencies, private firms including private organizations and non-governmental organizations (NGOs), current and former employees owe Sh667 million.

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 through public auction.

“The corporation risks auctioning off 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.