The High Court has ordered property valuer NW Realite Limited to pay Sh29.7 million for professional negligence in land valuation services rendered to a local bank 11 years ago.
Justice Josephine Mongare ruled that NW Realite Limited had caused Guaranty Trust Bank (Kenya) Limited (GTBank Kenya) to incur a loss by overvaluing a property located in the Kiwegu area of Kwale County, which had been used to secure a Sh80 million loan.
