Nairobi, Nov. 20 -- Jubilee Secretary-General Raphael Tuju has managed to temporarily stop a regional bank from demanding Sh1.6 billion from him and his family over a botched deal that happened five years ago.
This is after the Court of Appeal on Friday issued orders halting bankruptcy proceedings filed by the East African Development Bank (EADB) against Mr Tuju and his children, pending determination of his appeal.
Mr Tuju argued that the lender had filed separate cases with the ultimate end of recovering money allegedly advanced to his company, Dari Ltd.
He added that EADB has issued a 45-days notice under section 96 of the Land Act, of its intention to sell property charged to it as security for the money advanced to Dari Ltd. He said...