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Railways’ property seized in debt row
JARED NYATAYA | NATION
From right: Johnson Miano, Chairman, Kenya Railways Retirees Association, John Lucheta, member of the association and John Kibunga, Board member, when they visited the Nation Centre on February 10, 2012, concerning a raid by auctioneers at the Kenya Railways Staff Retirement Benefits Scheme offices in Nairobi, where furniture was taken away earlier in the day. The raid was due to failure to pay a debt of Sh9.7 million arising from a suit filed by one of the retirees who sued trustees of the scheme for not paying their pension on time.
What you need to know:
- Auctioneers raid offices of pension scheme and take away valuable assets
Auctioneers raided the troubled Kenya Railways Retirement Scheme over a Sh9.7 million debt owed to four pensioners.
They took away 50 computers, photocopiers, printers, telephone receivers and furniture.
