Middle East Bank sued for failing to transfer Sh195 million land to buyer

Middle East Bank sued for failing to transfer Sh195 million land despite full payment, with Environment and Land Court ruling in favour of the buyer.

Photo credit: Pool

Middle East Bank Kenya has been sued for failing to transfer a piece of land to a buyer from whom it had received the full transaction price of Sh195.2 million.

Hussein Alibhai Pirbhai and his firm Tranquility Holdings Limited filed an application at Nairobi’s Environment and Land Court seeking to compel the bank to complete the land sale.

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