The High Court has backed a bid by I&M Bank to recover Sh864.7 million from Buzeki Enterprises Limited, a logistics company associated with businessman and politician Zedekiah Kiprop Bundotich, popularly known as Buzeki.
The decision allows the lender to enforce a promissory note issued by Buzeki Enterprises, concluding a commercial dispute that began in 2019 over the purchase of heavy trucks and trailers worth more than Sh864 million. A promissory note is a written promise to repay a loan.
