Court told aviation firm was crippled after freezing of Sh9.2 billion

Air Afrik Aviation managing director Eric Lugalia. [Collins Kweyu, Standard]

An aviation firm has claimed in court that its business operations were crippled after a bank froze and reversed USD7.2 million (Sh9.2 billion) that had been credited to its bank account in February 2016.

Air Afrik Aviation managing director Eric Lugalia told Justice Nixon Sifuna at Milimani court that Stanbic Bank froze and later reversed the funds which led to the termination of a plane leasing agreement with the government of South Sudan, worth millions of shillings.