Banks cautioned on funding properties in riparian zones

Some of the constructions encroaching on Sosiani River in Eldoret, Uasin Gishu County. [Kevin Tunoi, Standard]

Lending institutions should be more vigilant and do due diligence when handling clients with property near streams, rivers, lakes and wetlands, a report has advised.

The report has also asked for amendments in laws to remove the confusion that sometimes results in banks exposing themselves to losses by funding developments in such areas.