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High Court allows Imperial Bank payouts by NIC

Justice Odunga’s November judgment caused a standoff between stakeholders. PHOTO | FILE

The High Court has allowed Imperial Bank’s receiver managers to give customers of the collapsed lender up to Sh2.5 million of their deposits.

Justice George Odunga Monday clarified through a ruling that he had not stopped the payout that the Kenya Deposit Insurance Corporation (KDIC) initiated through NIC, KCB and DTB banks.

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

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