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The Central Bank of Kenya (CBK) has ruled out stopping the ongoing Dubai Bank liquidation process. The banking industry regulator in its response to a case filed by a depositor to stop liquidation of the collapsed bank told the court that no intervention could be made as it was already late.
Richardson and David Ltd, who claimed to be a depositor, moved to court last week on Friday seeking to stop the process and further block CBK’s subsidiary Kenya Deposit Insurance Corporation from dismantling the bank’s ICT system.
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