The Court of Appeal has cleared National Bank of Kenya (NBK)to auction property of the late Mombasa tycoon Tahir Sheikh Said-TSS over a Sh3.7 billion loan.
A three-judge bench ruled that Juja Coffee Exporters Limited---majority owned by TSS--admitted to taking the loan, arguing that a dispute over the size of the unpaid debt was not enough to stop the auction of the property in Lamu.
