Sharp Daily
No Result
View All Result
Tuesday, October 7, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
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

Kenya Q2’ 2025 GDP growth accelerates to 5.0%

October 3, 2025
News

Argentina’s crisis and Kenya’s lessons on political economy and market confidence

September 25, 2025
News

Kenya’s financial system remains stable but faces rising risks

September 25, 2025
News

Where do Kenyan stock returns come from? A napkin framework

September 19, 2025
News

September snapshot: CMMF yields 13.12% as month unfolds

September 5, 2025
Private equity investment business concept
News

Private equity and insurance

September 4, 2025

LATEST STORIES

The Role of Micro-Pensions Plans in Kenya

October 3, 2025

Understanding the link between international aid and cooperative finance stability in Sub-Saharan Africa

October 3, 2025

Kenya Pipeline Company IPO

October 3, 2025

Kenya Q2’ 2025 GDP growth accelerates to 5.0%

October 3, 2025

Kenya’s Regulated SACCOs Cross Trillion Shilling Mark

October 2, 2025

Post-September review: What CMMF did and what’s next

September 26, 2025

Strengthening water utilities through efficiency and accountability

September 26, 2025

Retirement Benefits Schemes Trustee Governance in Kenya

September 26, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024