15 top civil servants default on Sh380m mortgages, warns Auditor General
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Nairobi, Jan. 2 -- Fifteen senior State officers are not servicing their mortgage loans worth Sh380 million, the Auditor-General has revealed.
Nancy Gathungu says in an audit on the State House Mortgage Scheme Fund revealed that the loans due from the 15 officers were not being serviced and had accumulated arrears amounting to Sh15.6 million.
The State in 2015 launched the Fund to finance affordable mortgage loans of up to Sh40 million for each State officer.
Top beneficiaries of the cheap housing loans are Cabinet Secretaries, governors, the Attorney General, the Secretary to the Cabinet and the Chief of Defence Forces who are each entitled to a house loan of up to Sh40 million.
Currently, there are 22 Cabinet Secretaries, Attorney-G...
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