SBM bank faces auction over Sh106m debt

Date:

By Albert Amenya

SBM bank faces auction over Sh106m det

High court has finally delivered a judgement ordering SBM bank to pay Aryan limited Sh26 million plus interest at the rates charged by the same bank. The amount to be paid attracts interest of 30 per cent from July 2011 when the case was filed. The bank has been ordered to pay or be auctioned.

This comes after the bank’s application for stay pending appeal was dismissed by the Court of Appeal in February 2023, paving way for the execution but the bank has refused to pay.

High court has also Aryan to execute the decree to recover the entire amount plus the interest incurred pending the determination of party to party costs.

On 30th March 2023, Fantasy Auctioneers attached all movable properties of SBM Bank formerly – the successor of Fidelity Bank – at its head office in Nairobi and Mombasa. The proclamations have confirmed and forwarded. Everything has been stamped by the bank.

According to Fantasy auctioneers, the amount owing as at March 2023 is in the region of Sh106 million but the bank is reluctant to pay and is only but buying time.

The auctioneer reveals that the manager requested them not to leak the information to the media, workers and the members of the public as they try to sort out the issue in the best way they can. Attached here are relevant documents of proof.

34 COMMENTS

  1. Hello everyone in this forum i am little bit ashamed to share this marvelous story about a great herbalist who helped me enlarge my small penis size through his herbal mixture cream, i was heartbroken before because i have a very small penis about 3 inches which was so annoying and shameful i could not satisfy my wife in bed ,,my marriage was really breaking and i needed help urgently, i have used pills, vaccines, drugs, surgery but none worked…so one faithful day as i was browsing through the internet i saw few comments on a forum about how MARK HARRY from UK testified of how he helped him enlarge his penis and also cured his MOM diabetes type 2 disease,,i contacted him through his email purenaturalhealer@gmail.com he replied and gave me steps to follow and i did just as he said ,and he sent me the herbal cream to me through UPS and i received it within 4 days and used the herbal cream for just 14 days to my greatest surprise my penis that was 3 inches before enlarge to 10.5 inches long when fully erected ,for just two weeks of using his herbal mixture cream ,,wow my wife loved me more and was so happy that i can satisfy her very well now in bed ,,i even last longer than before thank you so much Priest Salami for making life a better one to live in ..so if you are out there having similar problems please contact him now on his email purenaturalhealer@gmail.com or WhatsApp and call him on +2348143757229 thanks

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_img

Popular

More like this
Related

Why the Vatican Uses Black and White Smoke to Announce a New Pope

When the Catholic Church gathers to choose a new...

Uganda Cancels Village Elections After Kenyans Cross Border to Vote Illegally

Uganda's recent local elections have faced problems after officials...

Gun Used in Kasipul MP Ong’ondo Were’s Murder Found

Detectives investigating the murder of Kasipul MP Ong'ondo Were...