Sharp Daily
  • News
  • Business
  • Technology
  • Real Estate
  • Opinion
  • About Us
No Result
View All Result
Sharp Daily
  • News
  • Business
  • Technology
  • Real Estate
  • Opinion
  • About Us
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

Lawyer Seeks Kshs 800M Pay From KBC

Cynthia Mungai by Cynthia Mungai
November 21, 2022
in News
Reading Time: 2 mins read
KBC

KBS.Photo/[courtesy]

In a Ksh18 billion dispute with the Kenya Broadcasting Corporation (KBC), a city lawyer seeks to be compensated more than Ksh800 million for legal services provided. His dismissal by (KBC)staff retirement scheme members was unsuccessful.

The trustees of the scheme wanted to replace Morara Omoke’s firm with Gichamba & Company Advocates after terminating his employment.

The attempts were halted by Justice Maureen Odero, who also let the deputy registrar analyse and decide on Mr Omoke’s legal fees.

Centum Investments Faces Potential Liability Of Ksh1.5B On Coca-Cola Stake Sale

RELATEDPOSTS

KBC

Govt agencies ordered to exclusively air adverts on KBC

March 8, 2024
kbc

Broke KBC Unable To Meet Its Financial Obligations

May 3, 2022

The court rejected the pensioners’ plans to fire the attorney, stating that such actions were unlawful and unprocedural.

The judge ordered that the change of advocates will take place when the bill of costs raised by Mr Omoke, totalling Ksh820,242,212, is validated.

The board objected to the bill since the amount was higher than expected based on the terms of engagement and directions issued when the lawyer began working for it.

In a case filed in 2018 to recover unremitted pension deductions and interest from the State Corporation, the attorney represented the KBC pension system in court.

The legal battle lasted four years, and on April 27, 2022, Justice Maureen Onyango issued a ruling awarding the plan a 36 percent annual interest rate on the Sh18.4 billion in unremitted funds.

Court Orders

According to calculations submitted in court by attorney Omoke, the pensioners’ unpaid claim is worth Ksh18,421,704,159.

Through interim court rulings, the scheme obtained Ksh230 million from the corporation during the court procedures.

Mr Omoke estimated the legal fees he seeks to be reimbursed using the two amounts and the costs of the lawsuit that were granted to the scheme.

How Kenyan Nurses Swindled US State Ksh. 12 Billion

The conflict between the lawyer and the scheme finally resulted from the plan’s board’s attempt to lower the claim’s amount from Ksh18,421,704,159 to Ksh6,369,152,342 without consulting the beneficiaries or scheme members.

“The computations as at the date of the judgment amount to Ksh18,421,704,159 but the trustees of the KBC staff retirement benefits scheme are suggesting a sum of Ksh6,369,152,342 which is a reduction of approximately 65.4 per cent,” Mr Omoke told the court.

Email your news TIPS to editor@thesharpdaily.com

Previous Post

Inside Plans To Tax Cryptocurrency Owners In Kenya

Next Post

Family Bank Records Ksh3.5B Profit

Cynthia Mungai

Cynthia Mungai

Related Posts

News

Dividend Sustainability

September 30, 2026
News

Kenya’s Virtual Assets Regulations

September 30, 2026
Analysis

Kenya’s domestic debt rises to kSh7.73 trillion

September 28, 2026
News

Money Market Funds are Reshaping Kenya’s Investments

September 28, 2026
Analysis

Dangote’s USD 660.0 mn pipeline plan and the future of East Africa’s energy infrastructure

September 25, 2026
News

Green Bond Financing is Powering Africa’s Energy Transition

September 25, 2026

LATEST STORIES

Kenya’s inflation pushes to 6.8% in September

September 30, 2026

Dividend Sustainability

September 30, 2026

Kenya’s Virtual Assets Regulations

September 30, 2026

OpenAI cancels GPT 6.1 Astra release over safety concerns

September 29, 2026

Kenya’s domestic debt rises to kSh7.73 trillion

September 28, 2026

Kenyan businesses to start paying for WhatsApp service messages from October 1

September 28, 2026

The Case for Pension Benefits in Kenya’s SME Sector

September 28, 2026

Sub-Saharan Africa Raises $9.3 Billion in Eurobonds as Borrowing Returns

September 28, 2026
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • News
  • Business
  • Technology
  • Real Estate
  • Opinion
  • About Us

Sharp Daily © 2024