KDIC to send debt collectors after clients of collapsed banks

KDIC chief executive Mohamud Ahmed. FILE PHOTO | NMG

The Kenya Deposit Insurance Corporation (KDIC) is looking for debt collectors to help it recover outstanding money loaned by collapsed commercial banks.

The institution charged with insuring customer deposits with commercial banks said Tuesday it had turned to the debt collectors in a new strategy to net defaulters conveniently instead of using lengthier legal avenues.

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