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Real estate developer sues Housing Finance for overcharging Sh4 million

Suit filed claims lender was still demanding payment despite an audit report showing an excess payment of Sh4 million [Courtesy]

A real estate developer has sued Housing Finance Company of Kenya for overcharging it for the construction of residential houses in Kiambu.

Hadar Limited, in a suit filed at the High Court, claimed that it had repaid Sh167 million HFCK loaned the company for the construction of the three- and two-bedroom houses, but that the lender was still demanding payment despite an audit report showing an excess payment of Sh4 million.

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