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August 26, 2026
1h ago

Insurance Body Ordered to Name Officials Behind Botched Ksh342 Million Deal

Insurance Body Ordered to Name Officials Behind Botched Ksh342 Million Deal

IRA has been embroiled in numerous legal disputes this year with major insurance bodies, including those owed by high-profile individuals...

✨ Key Highlights

Parliament has demanded accountability from the Insurance Regulatory Authority (IRA) following a controversial payout of Ksh342.8 million to a law firm.

  • A payout of Ksh342.8 million was made to a law firm for legal services.
  • The National Assembly's Public Investments Committee on Commercial Affairs and Energy, chaired by MP David Pkosing, is leading the inquiry.
  • The committee seeks details on officials who oversaw the contract and the IRA's engagement of external advocates.

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