Church sues NBK over Sh811m loan for luxury apartments

The National Bank of Kenya.

Photo credit: File| Nation Media Group

The Presbyterian Foundation, part of the Presbyterian Church of East Africa (PCEA), has sued the National Bank of Kenya (NBK) challenging the issuance of a statutory notice to sell its properties over a Sh811 million loan.

The loan had been advanced for the construction of luxury apartments at the Milele Beach Hotel in Mombasa.

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