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How tourism lender ‘forged minutes’ to approve sale of Sh700m property

Tourism Finance Corporation (TFC) managers tried to sell a Sh700 million property in Mombasa without approval of the board.

A report prepared by the corporation’s Board of Directors, shows there was no single document to indicate that the National Treasury had approved the sale of 1.9 hactres plot that has seen heads roll at the State corporation.

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