The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
National Bank of Kenya MD Paul Russo (PHOTO: FILE)
NAIROBI, KENYA: Court of Appeal has lifted orders barring the National Bank of Kenya from selling late Mombasa Tycoon Tahir Sheikh Said (TSS) over USD 37 million (Sh3.7b) loan.
Justices William Ouko, Gatembu Kairu, and Kathurima M’Inoti overturned Environment and Lands Court Judge James Olola’s orders saying that although he was moved by sympathy that TSS had just died when the bank issued its notice, the law tilted in favour of the lender.
Premium Article
Get Full Access for Ksh299/Week.
Bold Reporting Takes Time, Courage and Investment. Stand With Us.
Stand With Bold Journalism.
Stand With The Standard.
Journalism can't be free because the truth demands investment.
At The Standard, we invest time, courage and skills to bring you accurate,
factual and impactful stories. Subscribe today and stand with us in the
pursuit of credible journalism.