Equity gets nod to auction Fourways homes in loan row

The Fourways Junction Estate in Kiambu County. PHOTO | SALATON NJAU | NMG

Equity Bank #ticker:EQTY can now sell mansions belonging to real estate firm Suraya Property Group to recover its loan after the Court of Appeal gave the green light in a protracted battle that seen several parties try to take over the houses in Kiambu.

A bench of three judges agreed with the lender that Equity is a reputable bank and the developer can still recover the money, in case the appeal, which is yet to be heard, is successful.

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