48-hour ultimatum to raise Sh20b sets the stage for CBK, Imperial Bank court battle

Imperial Bank head office at westlands.PHOTO:BEVERLYNE MUSILI

It was a simple plan. They would walk into the offices of the Central Bank of Kenya (CBK) and tell the truth.

After several sleepless nights, directors of Imperial Bank had finally come up with a strategy on how best to manage the crisis they had just discovered.