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Family bank ordered to pay client Sh67m for misleading her

Family bank City Hall branch. [Elvis Ogina, Standard]

A bank has been ordered to pay a client more than Sh67 million for misleading her to guarantee a loan.

Justice Alfred Mabeya on Wednesday directed the Family Bank to compensate Deborah Ngugi Karanja, ruling that it was unfair for the bank to punish the businesswoman for her ignorance in signing the loan which caused her to lose her Sh65 million apartments.

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