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The High Court in Nairobi has dealt a blow to the Higher Educations Loans Board (Helb) following a declaration that it is not entitled to recover an amount exceeding the principal advanced to a beneficiary.
Justice Alfred Mabeya in a judgment delivered last week issued a declaration that section 15(2) of the Helb Act is unconstitutional to the extent that it leads to interest rates and fines becoming more than the principal amount advanced.
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