City Hall has not made any efforts to settle a debt of Sh3.7 billion owed to Kenya Commercial Bank.
The bank’s CEO Joshua Oigara told the county Public Accounts Committee on Tuesday that Nairobi has not responded to a number of its requests on the debt.
The county entered an agreement with the bank for help in offsetting a Sh2.4 billion loan that the defunct Nairobi City council acquired from Equity Bank.
Through an MOU, KCB reached an agreement to provide banking services and any other financial services.
Oigara said the loan has been in default since February 2016 when the payments were supposed to take effect.
