Yet another bid to wind up Amaco

IRA reported Amaco’s 1,649 cases of unsettled claims last year. FILE PHOTO | NMG

A fresh bid to wind up Africa Merchant Assurance Company (Amaco) looms after a Nairobi businessman moved to the High Court seeking liquidation.

Bernard Kihiu whose application got a nod to proceed on March 4 invited other petitioners aggrieved by Amaco to join his application or those opposed to the petition to file objection ahead of the April 17 hearing.

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