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.
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.