The Court of Appeal has suspended a decision requiring the Kenya Deposit Insurance Corporation (KDIC) to refund Absa Bank some Sh215.3 million in alleged excess premium payments to the agency.
A bench of three judges of the appellate court ruled that the corporation was apprehensive that if granted the go-ahead, the ruling that it refunds the amount of have its assets attached would have far-reaching implications on several institutions, let alone KDIC, following the suspension of certain provisions of the law, which blocks attaching government properties.
