Raila's Spectre International Offered Reprieve in Ksh7.7 Million Debt

Former Prime Minister Raila Odinga speaking on Thursday October 6, 2022.
Former Prime Minister Raila Odinga speaking on Thursday, October 6, 2022.
Twitter
Raila Odinga

A firm linked to the family of former Prime Minister Raila Odinga, Spectre International, was granted relief after High Court suspended a directive ordering it to pay a Ksh7.7 million debt.

Justice Olga Sewe, who suspended the decree, heard that Spectre International failed to pay an alleged oil supplier.

On Monday, November 7, the court further learnt that the company had appealed the decision at the magistrate court.

Justice Olga directed Spectre to deposit the entire decretal sum in a joint interest-earning account within 45 days.

Entrance to spectre International Limited
Entrance to spectre International Limited
NMG

"I am therefore of the view that the applicant (Spectre International) has demonstrated that it stands to suffer substantial loss for purposes of order 42 Rule 6(2) of the Civil Procedure Rules," the judge stated.

The firm that had sued Spectre International alleged that it struggled to stay afloat and thus wanted the debt cleared.

In the suit, the plaintiff claimed that it borrowed a credit at an interest rate of five per cent to supply oil to Spectre. 

It also lamented that it delivered oil between June 4 and July 18, 2016, but only a small amount was paid.

Spectre reportedly paid the deposit 30 days after the delivery and had agreed to offset the balance. 

"The total amount payable in respect thereof being Ksh8 million, the defendant has made some payments leaving a balance of Ksh7.3 million," the accusers stated.

"The defendant, in spite of repeated promises, has failed to pay hence this suit," court papers detailed.

In its defence, the Raila family firm denied receiving oil supply from the company.

Azimio party leader Raila Odinga addresses mpurners during the burial of Mama Baraa in Kakamega County on Monday, October 31, 2022.
Azimio party leader Raila Odinga addresses mourners during the burial of Mama Philomena Barasa in Kakamega County on Monday, October 31, 2022.
Fernandes Barasa