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NBK cleared to auction late Mombasa tycoon TSS property over Sh3.7b loan

THE STANDARD
MONEY & CAREERS
National Bank of Kenya MD Paul Russo (PHOTO: FILE)
NAIROBI, KENYA: Court of Appeal has lifted orders barring the National Bank of Kenya from selling late Mombasa Tycoon Tahir Sheikh Said (TSS) over USD 37 million (Sh3.7b) loan.
Justices William Ouko, Gatembu Kairu, and Kathurima M’Inoti overturned Environment and Lands Court Judge James Olola’s orders saying that although he was moved by sympathy that TSS had just died when the bank issued its notice, the law tilted in favour of the lender.
TSS owned a majority stake in Juja Coffee Exporters Limited. The company had borrowed from NBK Sh 2.9 billion and used a piece of land in Mombasa as security. The property was registered in TSS’s other company, Lamu Ginners Company Limited. ....

Nairobi Area , Gatembu Kairu , Justice Olola , Kathurima Minoti , James Olola , William Ouko , Appeals Court , Juja Coffee Exporters , National Bank , Judgment Of The Court , Lands Court , Lamu Ginners Company , Mombasa Tycoon Tahir Sheikh Said , Kathurimam Inoti , Lands Court Judge James Olola , Tauhida Tahir Said , National Bank Of Kenya , நைரோபி பரப்பளவு , முறையீடுகள் நீதிமன்றம் , தேசிய வங்கி , தீர்ப்பு ஆஃப் தி நீதிமன்றம் , நிலங்கள் நீதிமன்றம் , மாஂபாஸ அதிபர் தாஹிர் ஷேக் கூறினார் , தேசிய வங்கி ஆஃப் கேந்ய ,

NBK cleared to auction late Mombasa tycoon TSS property over Sh3.7b loan

NBK cleared to auction late Mombasa tycoon TSS property over Sh3.7b loan
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Nairobi Area , Gatembu Kairu , Justice Olola , Kathurima Minoti , James Olola , William Ouko , Appeals Court , Juja Coffee Exporters , National Bank , Judgment Of The Court , Lands Court , Lamu Ginners Company , Mombasa Tycoon Tahir Sheikh Said , Kathurimam Inoti , Lands Court Judge James Olola , Tauhida Tahir Said , நைரோபி பரப்பளவு , முறையீடுகள் நீதிமன்றம் , தேசிய வங்கி , தீர்ப்பு ஆஃப் தி நீதிமன்றம் , நிலங்கள் நீதிமன்றம் , மாஂபாஸ அதிபர் தாஹிர் ஷேக் கூறினார் ,