Court orders fresh valuation in Sh826m NCBA loan fight with contractor

NCBA House in Upper Hill, Nairobi.

Photo credit: File | Nation Media Group

A Sh826 million loan dispute between NCBA bank and a government road contractor has taken a twist after a court ordered a fresh independent valuation of the borrower’s property.

Justice Benjamin Njoroge also ordered the bank to provide the borrower, Westbuild General Contractors Limited, and the loan guarantor, Njowambu (K) Limited, with a detailed statement of account in respect of each loan facility extended by the lender.

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