Bodaboda Riders Petition Parliament to Probe Mogo Auto
The Kenya Bodaboda Riders and Owners Association has petitioned Parliament to investigate alleged unfair lending and asset financing practices by Mogo Auto Limited following complaints from motorcycle owners and borrowers. The petition, presented by the association’s National Executive Chairperson Charles Gichira, raises concerns over interest rates, additional loan charges, asset repossession,…
The Kenya Bodaboda Riders and Owners Association has petitioned Parliament to investigate alleged unfair lending and asset financing practices by Mogo Auto Limited. The association's National Executive Chairperson, Charles Gichira, presented the petition, which highlights concerns over high interest rates, additional charges, inadequate disclosure of loan terms, and the treatment of defaulting borrowers.
The association also questions the ownership of motorcycles financed through Mogo Auto, alleging that some borrowers have made sizable repayments but not received proper ownership documents or acquired full ownership of the assets. The petition has been committed to the Public Petitions Committee for consideration by National Assembly Speaker Moses Wetang’ula.
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