A couple fighting to block the sale of their properties in Nairobi and Mombasa over disputed loan terms has lodged a complaint with the Competition Authority of Kenya (CAK) against Stanbic Bank. They are accusing the lender of engaging in restrictive trade practices.
In the complaint, lodged on September 10, 2025, Nasser Abdulhamid Ahmed Baksh and Makarim Ahmed Omar want CAK to investigate the lender over claims of inflating loan charges, acts of harassment in order to procure conversion contracts, and alleged illegal interest charges.
