Karrymart owner fails to stop auction over Sh107m

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A Karrymart supermarket branch on Moi Avenue in Nairobi. FILE PHOTO | NMG

Karrymart supermarket owner George Kariithi has failed to stop the auction of his land over a Sh107.3 million Co-operative Bank of Kenya loan.

Mr Kariithi, who drew the first tranche of the loan in November 2011 and defaulted on payment, had used 12 pieces of land in Ngong, one in Naivasha and another one in Limuru as collateral.

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