By RICHARD MUNGUTIMore by this AuthorThe High Court in Nairobi has ordered a bank that sold a borrower’s property when her secured loan had been fully repaid to refund more than Sh40 million plus interest to her. Justice Eric Ogola also directed the Housing Finance Company of Kenya (HFCK) to pay the purchaser of the property costs of the case. Mr Koceyo had asked the court to make a finding that the bank had irregularly sold the property of Ms Muturi when she completed repaying the loan. HER LAWYERHe had been asked to revert it to Ms Muturi as urged by her lawyer Mr Koceyo. He noted that Ms Muturi borrowed Sh3 million and by the time her land was sold she had paid the HFCK Sh18 million.

Source: Daily Nation March 02, 2017 19:07 UTC