SIB to attach Bomas bank accounts over Sh104m debt

Standard Investment Bank (SIB) has been allowed to attach two bank accounts belonging to Bomas of Kenya over a debt of Sh104 million.Standard Investment Bank (SIB) has been allowed to attach two bank accounts belonging to Bomas of Kenya over a debt of Sh104 million, arising from an arbitral award.Justice Alfred Mabeya ruled that Bomas of Kenya has not denied that the amount is yet to be settled and the argument that the money in the two bank accounts at KCB, Moi Avenue Branch, was not enough to pay the entire amount, was no reason to deny the bank from attaching the accounts.“In view of the foregoing, I am satisfied that the application is meritorious and I allow the same as prayed,”…
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Source: https://www.businessdailyafrica.com/bd/economy/sib-to-attach-bomas-bank-accounts-over-sh104m-debt–4460110?view=htmlamp