Kenyan radio presenter Andrew Kibe was on Wednesday, September 25, 2019, arraigned in court for failing to pay for a 7-year-old debt.
Kibe reportedly borrowed Ksh. 215,000 from a colleague identified as Joshua Ichang’i Weru around 7 years ago and was to pay back with a Ksh. 55,000 interest.
Ichang’i claims that Kibe was supposed to pay back within a period of 18 days, failure to which the money would increase by 7.5% of the said interest after every four days.
He, therefore, asked the court to demand that Kibe repays the full amount plus the interest incurred.
As of June last year, the loan had accumulated to Ksh. 2.5 million over a period of three years.
“Failure to complete the above contractual obligation by 28/02/2012 incurs an additional penalty of 7.5 percent in the above mentioned interest for every four days exceeded from the disclaimer date, ” read the court papers in part.
The plaintiff, through Musyoki Mogaka and Co. Advocates, went on to demanded that the accused pays for the full cost of the lawsuit and other relief that the court might deem fit.
According to court documents, the notice of entry of judgment was made in June 2018 which means that the amount Kibe owes Ichang’i could have increased since.