Kenya Orient Insurance has been issued a repossession notice over a debt dispute with Akiba Bank Limited, with auctioneers listing company assets for possible seizures if the outstanding amount is not cleared within seven days.
The proclamation of attachment, executed by Garam Investments Auctioneers, was issued in accordance with a court directive allowing the bank to recover its dues through an auction if the debt remains unpaid.
The notice lists a variety of office assets still in the company’s custody but earmarked for repossession should the payment deadline lapse.
These include office desks and chairs valued at Ksh 5 million, shelves and cabinets listed at Ksh 5 million, and a water dispenser valued at Ksh 1 million.
Also named in the attachment are computers and laptops worth Ksh 5 million, copiers and printers valued at Ksh 3 million, and a reception counter listed at Ksh 800,000.
CCTV units and DVR systems worth Ksh 1 million, sofas and television sets collectively valued at Ksh 3 million, and various round tables and coffee tables have been included in the notice.
Kenya Orient Insurance has until the expiry of the seven-day period to settle the outstanding amount, failing which the auctioneers will proceed with the removal and sale of the listed items to recover the debt.
