MPs summon boda boda loan firms over theft, repossession of bikes
Motorcycles belonging to boda boda operators parked outside Nyayo Stadium in Nairobi in July 2022. Police arrested four suspects and recovered more than 50 dismantled motorcycles in Eldoret over the weekend.
The NTSA will be required to shed light on the ownership status of the motorcycles.
The MPs were shocked by the stories told by motorcycle owners of theft or repossession of their properties.
Parliament has summoned five firms that sell motorcycles to boda boda operators on credit after it emerged that they charged up to Sh571,000 for each bike.
The National Assembly’s Finance and National Planning Committee says it will also question officials from the National Transport Safety Authority (NTSA) and the Insurance Regulatory Authority (IRA) over the repossession of motorcycles whose owners were almost clearing their loans or had just started repayments. The committee wants Watu Credit Limited, Mogo Motorcycles Kenya, JoyInc Group, 15 Minutes, and My Boda to appear before it next week.
