City hall to auction debtors’ property, recover Sh47bn
Posted Monday, July 9 2012 at 13:26
City hall is set to auction property of its debtors and seize business premises in a bid to recover SH47bn owed to it in rate defaults.
Town Clerk Roba Duba said the council has prepared a list of 1000 business premises and 2000 property owners whose premises the council would take control of after expiry of a 28 day grace period it granted on Monday.
Also see: Also read: Treasury bails out City Hall after default on Sh1.5b loan