×
App Icon
The Standard e-Paper
Kenya's Bold Newspaper
★★★★ - on Play Store
Download Now

Depositors of Imperial Bank file new case against Central Bank of Kenya to have deposits worth Sh100 billion released

Imperial Bank Head offices at Westlands, Nairobi. [PHOTO: BEVERLYNE MUSILI]

The depositors of Imperial Bank have filed a new case against the Central Bank of Kenya to have deposits worth Sh100 billion released.

The depositors, through MMC Africa Law, want the High Court to compel CBK and the Kenya Depositors Insurance Corporation (KDIC) to unconditionally release the money, claiming that the Central Bank has failed in its administrative duties of the fallen lender.

Get Full Access for Ksh299/Week
Unlock the Full Story — Join Thousands of Informed Kenyans Today
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in