How shrewd Paul Ngei fell into bankruptcy - News Summed Up

How shrewd Paul Ngei fell into bankruptcy


But Paul Ngei could not save himself from bankruptcy. In a gathering of enthusiastic farmers in Kisii, Ngei told farmers that he wanted to see a serious agricultural revolution through cooperative farming. While Standard Bank was claiming Sh2 million, National Bank of Kenya was on his neck for Sh1.8 million. Through his lawyers, Ngei agreed to sign a deed of composition under which he was to clear all his debts within one year. However, when he moved to court seeking to be removed from bankruptcy status, the court did not grant him his wishes.


Source: Standard Digital October 24, 2017 06:45 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */