By BRIAN WASUNAMore by this AuthorLebanese firm Zakhem Construction, which constructed the 450-kilometre Mombasa-Nairobi oil pipeline suffered a financial blow, following a court order that has allowed consultancy Quality Inspectors to recover Sh170 million from its accounts held at Stanbic Bank. WITHHELD FUNDSAdvertisementEco Bank sued Zakhem and KPC in 2018 over claims of colluding to evade loan repayment. In the case Quality Inspectors filed against Zakhem, KPC claims to have only withheld Sh1.4 billion, indicating that how much it owes the contractor may have to be determined by the courts. KPC hired Zakhem in 2015 and was to part with Sh48 billion for the new pipeline. After Zakhem accused Quality Inspectors of violating the pre-commissioning tests, the two parties were contacted for arbitration.

Source: Daily Nation January 14, 2020 03:33 UTC