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Bank to sell trader’s property over loan arrears
A Gulf African Bank branch on Kenyatta Avenue, Nairobi. The bank has been allowed to auction a businesswoman’s property after she defaulted on a Sh110 million loan. FILE PHOTO | NMG
A businesswoman has lost the legal fight to save her mortgaged property valued at Sh100 million from the auctioneer's hammer.
High Court judge Christine Meoli allowed the Gulf African Bank to auction the land and buildings in Thika, Kiambu County to recover more than Sh110 million advanced to Mrs Hannah Wairimu Mutura in April 2014.
