Following the shutdown of opposition leader, Raila Odinga’s ODM offices in Migori due to debt, in comes the phase of an auction of the Spectre International company associated with Raila.
The firm faces the auction over a Sh7.7 million debt it owes another firm, Betric Kenya Ltd.
A Mombasa court allowed Betric Kenya Ltd to recover the money, plus interest, from Spectre International Ltd for unpaid fuel supplied to it three years ago.
Betric Kenya’s lawyer Wameyo Onyango said that after Spectre International asked to be supplied with the oil, it was expressly agreed that it would pay up within 30 days.
Spectre International is also said to hav borrowed money at an interest of five percent that has been accruing on a monthly basis since 2016.
Betric said that according to its company papers, the total amount payable by Spectre is Sh8 million. It made some of the payments, leaving a balance of Sh7.3 million.