×
App Icon
The Standard e-Paper
Smart Minds Choose Us
★★★★ - on Play Store
Download App

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.

Premium Article

Get Full Access for Ksh299/Week.

Bold Reporting Takes Time, Courage and Investment. Stand With Us.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902