Former Naivasha MP John Kihagi has lost an attempt to stop Jamii Bora Bank from selling his land to recover a Sh21.7 million loan that was advanced to a microfinance institution known as Ridhika Capital Limited, where he is one of the directors.
Mr Kihagi disputed the debt, saying the amount he owed the bank was Sh2.3 million, which was borrowed in 2014 and he had cleared. He sought the release of the title, which he had used to secure the loan.
