A recent photo that made rounds on social media showed a tractor parked on the front of the Kenya Commercial Bank Oloitokitok Branch.
It was alleged that the County Government of Kajiado had blocked the entry to the bank by parking the so called garbage collector truck on the bank’s front door. It is also alleged that the county government is claiming that the bank has been avoiding to pay revenue to the county.
KCB Bank Kenya roots trace back to July 1896 when its parent company, KCB Group, was formed as a branch of the National Bank of India in Mombasa. It was incorporated in 2015 as a result of the corporate restructure of Kenya Commercial Bank Group (KCB Group) Prior to November 2014. As of December 2015, KCB has more than 250 branches throughout Kenya, making it the largest banking network in the country.
I am not an expert in corporate debt collection matters but I can attest that by how the county government handled its debtor in the above scenario makes it wrong and unlawful. KCB generates revenue by its existence in the county. Not defending the bank for not paying their dues but I tend to think it is wrong and shameful to treat a nationwide established business by the virtue of not paying its dues. There is a well established process that the county government should have taken rather than shame the bank that gives its residents employment as well as well-matched banking services.
How then would an investor wish to invest in the county should they see the shame that will befall on them if they would be at loggerheads with the County Government? How then would an established businesses want to erect branches at the county should they have seen this in mainstream media? I think the situation is more shameful to the county government of Kajiado rather than to the bank. Maybe this time round and eye for an eye left the former blind and the latter envisioned.