An aviation firm has said its business operations were totally crippled eight years ago after Stanbic Bank froze and reversed $7.2 million (Sh9.2 billion) that had been credited to its bank account.
Mr Eric Lugalia, Air Afrik Aviation managing director, took to the witness box on Monday narrating how the freezing of the money and reversing led to the termination of a plane leasing agreement with the government of South Sudan.
