The Sh1.6 billion loan dispute between East Africa Development Bank (EADB) and Jubilee Secretary General Raphael Tuju has taken a new twist with the lender now training its guns on Bank of Africa (BOA). This comes even as Tuju got a temporary reprieve yesterday after Court of Appeal halted implementation of a judgement by United Kingdom court to attach his property. However, the orders will only be enforced if Tuju deposits Sh50 million in a joint account within 30 days, failure to which his application will stand dismissed. According to Justice Okwany, Tuju’s prayers amounted to asking the Kenyan Court to sit on appeal of the UK Court. Tuju’s loan now stands at Sh1.6 billion.

Source: Standard Digital June 19, 2020 17:11 UTC