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Barclays seeks to sell oil dealer’s Coast plot in Sh330m suit

A Barclays Bank branch on Muindi Mbingu Street in Nairobi. PHOTO | FILE

Barclays Bank is seeking to sell a piece of land in Mombasa owned by a petroleum dealer, Mafuta Products, to recover a Sh330 million loan extended to the company in 2001.

The lender has since 2006 been battling to recover the sum, and last year issued sale notices to Mafuta Products and appointed Garam Investments Auctioneers to begin the auction.

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