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Credit Bank to sell Edermann land over Sh817m in defaulted debt

CreditBank

Credit Bank CEO Betty Korir. 

Photo credit: File | Nation Media Group

By  Caroline Wanjugu

Contributor

Nation Media Group

Credit Bank is free to sell Edermann Property’s land in Mavoko Municipality after the developer defaulted on a loan of more than Sh817 million.

Part of the land hosts a sewage plant run by Mavoko Water & Sewerage Company (MWSC) which has lost a case that sought to stop Credit Bank from disposing of the property.

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