Hundreds of homeowners have until this weekend to pay millions of shillings to the national pensions fund – or lose their houses.
More than 600 homeowners who bought houses in four city estates from the pensions fund have been notified of the plan to have them repossessed. Outstanding amounts range between Sh100,000 and Sh500,000.
In an advertisement in the Sunday Nation, the NSSF gave the defaulters until Saturday, March 15 to settle their arrears or have the houses repossessed.
In the notice the fund listed residents from Kitisuru, Mountain View, Nyayo Embakasi Phase One to Four and Hazina estates among the defaulters.
The expansive Nyayo estates have 552 defaulters, with 44 in Hazina, South B, 17 in Kitisuru, and 9 in Mountain View off Waiyaki Way.
The defaulters who have been notified of the funds’ intention to repossess their homes, bought them under its tenant purchase schemes but had not cleared their payments.
The highest amount owed was Sh498,493 with the lowest Sh100,354.
“Take notice that by expiry of this period, the fund will rescind the tenant purchase agreements of the tenant purchasers aforesaid and offer the property to other deserving Kenyans without further reference to the defaulters,” read the notice signed by the Acting NSSF Managing Trustee Richard Langat.
NSSF has also warned those who will not have settled their arrears to vacate the houses and hand them over to the fund.
The notice by NSSF has caught the property owners unawares with senior government officers, diplomats and several senior judiciary officials.
In December last year, the fund through a Gazette notice moved to repossess houses and plots in six estates within the city. The affected tenants were from Mountain View, Kitisuru, Kibera Highrise, Tassia I, Embakasi II and Embakasi III estates.