Nairobi News


Land rate defaulters will not access bank loans

Land rate defaulters will beginning next  year find it hard to access bank loans as the county government intends to forward their information to credit reference bureaus.

This will mean that their credit information will be available to financial institutions and other interested individuals and could form the basis for being denied a loan.

The County Government will also link up property owners’ details with water and electricity firms as well as Kenya Revenue Authority to enable it track them down and enforce payment.

According to Chief Revenue Officer Nixon Otieno, the county government has so far collected about Sh300 million in the waiver of interest on land rates campaign that has been running for a month and is expected to end this Saturday.

“The response has been averagely good, but not excellent. After the campaign, we will forward the bulk of the files to our legal department to seek authority from the courts to auction them (defaulters properties),” he said.

County Hall had targeted to raise Sh3 billion in the waiver period as it seeks to recover about Sh38 billion it is owed in land rates.