Auditors, lawyers to make money off Nakumatt troubles as creditors and landlords wait

Goods worth Millions of Shillings being removed from the Nakumatt Nyali Mega Super market in Mombasa County on Wednesday, March 7, 2018.

NAIROBI, KENYA: Auditors have been left alarmed by claims from the management of struggling retail chain Nakumatt that it lost Sh18 billion last year through pilferage.

Audit firm PKF said it would conduct a special audit of the retailer’s books, saying it was unconvinced that such a colossal amount could have been lost from shoplifting and petty thievery from employees.