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Amaco fights auctioneers over Sh380,000 debt

Amaco Insurance [Photos: Courtesy]

African Merchant Assurance Company (Amaco) is fighting off the auction of its assets after defaulting on a payment of Sh388,127 to an accident victim.

Keysian Auctioneers were yesterday at the offices of the embattled insurer to seize and sell movable assets including water dispensers, chairs and filing cabinets for failing to honour claims payments.

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