SIB to attach Bomas bank accounts over Sh104m debt

The High Court has certified as urgent a case seeking to challenge Mombasa County's decision to increase parking fees. 

Photo credit: Pool

Standard Investment Bank (SIB) has been allowed to attach two bank accounts belonging to Bomas of Kenya over a debt of Sh104 million, arising from an arbitral award.

Justice Alfred Mabeya ruled that Bomas of Kenya has not denied that the amount is yet to be settled and the argument that the money in the two bank accounts at KCB, Moi Avenue Branch, was not enough to pay the entire amount, was no reason to deny the bank from attaching the accounts.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.