FEATURED ARTICLE

Uproar as Education CS says police to arrest HELB defaulters

Share
New Sports and Culture Cabinet Secretary Amia Mohamed. She took over from Rashid Echesa on Tuesday.
Share

Education Cabinet Secretary Amina Mohammed’s announcement that the Higher Education Loans Board (HELB) will partner with police and other crime busters to hunt down over 74,000 loan defaulters; who are yet to repay Ksh 7.2 billion has sparked uproar on social media.

The CS said law enforcement agencies will track down defaulters through their work places but many say the move is impossible to implement given the high level of unemployment in the country.

“”The government has lost Ksh 7.2 billion through people defaulting payment on loans issued by HELB and we are now in the process of enhancing the HELB loan recovery process by working with law enforcement officers to make sure the defaulters who are employed payback the loans so others can benefit.We will partner with the agencies to trace the defaulters. We want them to become reliable and responsible citizens by repaying their debts,” Amina said during the launch of the distribution of competence based curriculum textbook for children with disabilities in Nairobi.

She added the government will also track their mobile money transactions.

Here are some of the reactions:

Written by
BT Reporter

editor [at] businesstoday.co.ke

4 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

PAST ARTICLES AND INSIGHTS

Related Articles
Fed
FEATURED ARTICLE

The Federal Reserve Hikes Policy Rate to 4%. What this means for Kenya

The Federal Reserve has raised its policy rate by 25 bps to...

Standard-Chartered-Bank Kenya
ANALYSISBUSINESS

Standard Chartered Bank Rolls Out New Platform for Sophisticated Investors

Standard Chartered Bank Kenya(SCBK) Plc has launched a new platform that will...

Safaricom sale of 15% Govt stake to Vodacom now heads to appeal court
ANALYSISBUSINESS

Safaricom Sale of Government Stake to Vodacom Heads to Appeal Court

Safaricom sale of Government’s 15% stake to Vodacom now heads to the...

Equity Group
BUSINESS

Equity Group, Kenya’s Most Profitable Lender, Receives Global Ranking

Equity Group has received worldwide recognition from Forbes, which placed the East...