Silverio Omari
Directline Assurance Company has issued a 24-hour ultimatum to Insurance Regulatory Authority (IRA) Commissioner Godfrey Kiptum, demanding the removal of four suspended directors’ names and the correction of the CR12 form. In a letter sent by lawyer Danstan Omari, the company warned Kiptum that failure to comply would result in legal action against him personally.
Omari accused Kiptum of enabling fraudulent individuals in a bid to take over the company, leading to significant financial losses. The letter states, “Your actions have completely ignored court orders issued by Justice Mabeya, instead installing non-shareholders as directors. These individuals are fraudsters with the intent to seize the company’s assets and divert funds.”
Directline claims losses exceeding KSh 7 billion and insists that Dr. S.K. Macharia’s shareholding be restored. The company has also alerted the Ethics and Anti-Corruption Commission (EACC) to investigate Kiptum and other IRA officials for alleged abuse of office. Lawyer Shadrack Wambui emphasized, “This is about determining the rightful directors of the company. Despite court orders, there are individuals still claiming these positions. Commissioner Kiptum must ensure the CR12 form reflects the correct beneficiaries.”
Earlier this month, four senior management staff were placed on compulsory leave for allegedly authorizing unauthorized payments.
Meanwhile, Directline Chairman Dr. S.K. Macharia has called on Commissioner Kiptum, the Cabinet Secretary, and the Principal Secretary of Finance to intervene and prevent asset stripping by a partially constituted board of directors, including Kenneth Ndura, Maina Mwangi, and Titus Karanja, who assumed office on October 4, 2024.
Directline stresses the urgency of the matter to protect the company’s assets and ensure compliance with court orders.
Dj Vnyash
