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National Bank gets nod to sell PCEA land in Sh519m row

The National Bank has been given the go-ahead to auction a 110-acre estate in Thika owned by the Pentecostal Church of East Africa (PCEA) following a protracted Sh519 million loan repayment dispute. PHOTO | FILE

The National Bank has been given the go-ahead to auction a 110-acre estate in Thika owned by the Pentecostal Church of East Africa (PCEA) following a protracted Sh519 million loan repayment dispute.

High Court Judge Fred Ochieng Tuesday lifted an order barring the lender from auctioning Ebenezer Ridges, which is worth over Sh1 billion, to recover the massive loan it advanced to the PCEA in 2011.

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