National Bank escalates fight against Sh711m pay order in land sale row

The National Bank of Kenya.

Photo credit: File| Nation Media Group

The National Bank of Kenya (NBK) has escalated a legal fight in which it seeks to reverse a High Court order that it pays Sh711 million to eight customers for illegally selling their land after a botched sugar import deal.

The lender has moved the Court of Appeal hoping to overturn a High Court decision to bar it from amending its defence statement and the subsequent verdict that awarded the traders a total of Sh711.2 million as compensation for the unlawful sale of their properties.

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