HFC gets orders preserving land in Kampala University loan row

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HFC Group CEO Robert Kibaara speaks at a past event. FILE PHOTO | NMG

The Nairobi Court of Appeal has issued an injunction restraining, among other parties, Kampala International University from dealing with a piece of land for which the Housing Finance Company (HFC) has an interest.

Justices Hannah Okwengu, John Mativo and Weldon Korir held that failure to issue an injunction order to preserve the suit property might lead to the land being used in an adverse manner that will result in rendering the appeal inconsequential.

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Note: The results are not exact but very close to the actual.