KCB Group #ticker:KCB has backed the court battle to block repossession of land on which Weston Hotel sits, fearing loss of security to the Sh1.2 billion loan it advanced the business associated with Deputy President William Ruto five years ago.
The bank Thursday told Justice Benard Eboso that the Kenya Civil Aviation Authority (KCAA) erred in filing a fresh suit for repossession of the land instead of challenging a 2019 decision of the National Land Commission (NLC).
