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Auditor flags City Hall on Sh4.4bn KCB loan default

Auditor General Nancy Gathungu. PHOTO | LUCY WANJIRU | NMG

By  Collins Omulo

Reporter

Nation Media Group

The office of Auditor-General has faulted City Hall for failing to repay a Sh4.4 billion loan owed to the KCB Group #ticker:KCB days after the lender got a nod to auction Nairobi County over the debt.

Auditor-General Nancy Gathungu said the Ann Kananu-led administration failed to provide an explanation on why repayment for the loan was halted.

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