KCB sues Nairobi County over Sh4b decade-long loan dispute

KCB says its chief executive officer raised concern about the county’s default to the National Treasury CS in 2019 but the situation has not changed. [Samson Wire, Standard] 

The Kenya Commercial Bank has sued City Hall in a Sh4 billion loan dispute stretching back to 2011.

The bank says the county government failed to meet its end of the bargain despite an arbitrator affirming it owed KCB. According to the lender’s papers filed by Mohamed Muigai Advocates, the county has not been paying the amount, despite constant reminders.