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City Hall raids KBC Broadcasting House over Sh2b debt

City Hall officials on Tuesday  blocked the entrance to Kenya Broadcasting Corporation’s Broadcasting House over a Sh2.06 billion debt.

The debt accrued from unpaid land rates over approximately 10 years.

Other properties of the state broadcaster that were blocked by  City Hall in the mid-morning operation included two properties in the Central Business District (CBD) and two others in Karen.

Sources told Nairobi News that a crisis meeting between KBC’S management and City Hall’s head of budget Mr Morris Okere managed to secure a deal on mode of repayment.

PHOTO | LILIAN MUTAVI
PHOTO | LILIAN MUTAVI

Under the terms of the deal, KBC gave City Hall a cheque of Sh5 million pending further negotiations next week on Tuesday.

Mr Okere said target other state corporations including Kenya Railways and Kenya Power Company.