Court calls for clarity on NCBA merger

In April this year, Justice Mugure Thande barred the Treasury from demanding the contested tax after the lender moved to court. [iStockphoto]

The High Court has ordered the Ministry of Lands to lift the veil on its recommendation to the Treasury to exempt NIC Group PLC and Commercial Bank of Africa (CBA) from paying stamp duty.

Justice Lawrence Mugambi found that it was unfair and illegal for the ministry to withhold the information from Busia Senator Okiya Omtatah.