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Govt Goes After Loan Defaulters to Recover Ksh 45B

Govt Goes After Loan Defaulters to Recover Ksh 45B
Central Bank of Kenya (CBK) building in Nairobi.
Simon Kiragu
Kenyans.co.ke
The Government through the Kenya Deposit Insurance Corporation (KDIC) is seeking loan defaulters in 27 collapsed banks as it moves to recover Ksh45.5 Billion.
Individuals and businesses who have not serviced their loans in the failed banks such as Chase, Dubai and Imperial risk having their properties auctioned in the recovery process.
The Agency is seeking a management company to that effect and will use legal charge documents held by the banks as securities for the outstanding loans.
KDIC seeks to appoint a competent management company to oversee the operations of some of the borrowers of problem banks to recover the amount borrowed from the banks, KDIC stated. ....

United Arab Emirates , Kenya Deposit Insurance Corporation , Central Bank , Imperial Bank , Chase Bank , Chase Bank Limited , Kenya Deposit Insurance Act , Imperial Bank Limited , ஒன்றுபட்டது அரபு அமீரகங்கள் , கேந்ய வைப்பு காப்பீடு நிறுவனம் , மைய வங்கி , ஏகாதிபத்தியம் வங்கி , துரத்து வங்கி , கேந்ய வைப்பு காப்பீடு நாடகம் , ஏகாதிபத்தியம் வங்கி வரையறுக்கப்பட்டவை ,

CMA absolves ex-Imperial Bank director of wrongdoing in Sh2bn scam

BUSINESS NEWS
The Capital Markets Authority has cleared a former director of collapsed Imperial Bank of wrongdoing in the lenders’ issuance of a Sh2 billion corporate bond just one month before its collapse.
Chris Diaz had argued in his defense that he joined the bank as an independent and non-executive director after the decision to issue the bond was made.
Mr Diaz appeared before the CMA’s ad hoc committee that the regulator constituted to investigate the matter after he broke ranks with fellow directors, who rejected the CMA’s role in the matter.
Eight Imperial Bank directors, including Alnashir Popat, Omurembe Iyadi, Jinit Shah, Anwar Hajee and Hanif Somji, declined to appear before the committee arguing that Section 11(3)(cc) & (h) of the CMA Act is unconstitutional because it allows the regulator to play overlapping roles. ....

Thomas Kibua , James Mcfie , Hanif Somji , Chris Diaz , Justice Willy Mutunga , Janne Eriksson , Omurembe Iyadi , Patricia Kiwanuka , Alnashir Popat , Jinit Shah , Anwar Hajee , John Birech , Supreme Court , Imperial Bank , Capital Markets Authority , Other Imperial Bank Limited , Imperial Bank Limited , Capital Markets , Chief Justice Willy Mutunga , கிறிஸ் டியாஸ் , அன்னே எரிக்சன் , அன்வர் ஹாஜி , உச்ச நீதிமன்றம் , ஏகாதிபத்தியம் வங்கி , மூலதனம் சந்தைகள் அதிகாரம் , ஏகாதிபத்தியம் வங்கி வரையறுக்கப்பட்டவை ,

Imperial Bank directors block CMA probe into Sh2bn bond

Imperial Bank directors block CMA probe into Sh2bn bond
Thursday April 15 2021
By OTIATO GUGUYU
Summary
Imperial Bank directors have stopped the Capital Markets Authority (CMA) from pursuing them over the Sh2 billion corporate bond that the lender issued a month before it was placed in receivership.
The eight directors have blocked investigations through the CMA tribunal on grounds the probe team will be impartial.
Imperial Bank directors have stopped the Capital Markets Authority (CMA) from pursuing them over the Sh2 billion corporate bond that the lender issued a month before it was placed in receivership.
The eight directors have blocked investigations through the CMA tribunal on grounds the probe team will be impartial. ....

Thomas Kibua , Hanif Somji , Justice Willy Mutunga , Janne Eriksson , Omurembe Iyadi , Patricia Kiwanuka , Alnashir Popat , Jinit Shah , Christopher Diaz , Anwar Hajee , John Birech , Imperial Bank Limited , Supreme Court , Imperial Bank , Capital Markets Authority , Capital Markets Tribunal , Chief Justice Willy Mutunga , அன்னே எரிக்சன் , கிறிஸ்டோபர் டியாஸ் , அன்வர் ஹாஜி , ஏகாதிபத்தியம் வங்கி வரையறுக்கப்பட்டவை , உச்ச நீதிமன்றம் , ஏகாதிபத்தியம் வங்கி , மூலதனம் சந்தைகள் அதிகாரம் , மூலதனம் சந்தைகள் தீர்ப்பாயம் ,

Court bars Mwilu from holding DCJ office, acting as Chief Justice

A Meru High Court has issued orders restraining Deputy Chief Justice Philomena Mwilu from holding her office or acting as Chief Justice, until a case filed by a Meru resident is heard and determined.
Justice Patrick Jeremy Otieno also restrained Justice Mwilu from sitting in the Judicial Service Commission (JSC) and being a member of the Ombudsperson of the Judiciary until the case filed by one Isaiah Mbiti Mwongela is concluded.
The decision to bar the DCJ from sitting in the JSC stops her from participating in process of selecting the CJ to succeed David Maraga, which is expected to begin after applications close on February 10. ....

Nairobi Area , Justice Philomena Mwilu , David Maraga , Marius Maranya , Justice Otieno , Justice Mwilu , George Kinoti , Mohamud Ahmed , Isaiah Mbiti Mwongela , Justice Patrick Jeremy Otieno , Judicial Service Commission , A Meru High Court , Imperial Bank , High Court , Meru High Court , Deputy Chief Justice Philomena Mwilu , Chief Justice , Patrick Jeremy Otieno , Public Prosecution , Noordin Haji , Criminal Investigations George Kinoti , Meru County , Criminal Investigations , Judiciary Ombudsperson , Imperial Bank Limited , நைரோபி பரப்பளவு ,

Epic battle looming in fight for judicial independence during search for next CJ

THE STANDARD
By
Kwamchetsi Makokha |
January 14th 2021 at 17:37:28 GMT +0300
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Justice Philomena Mwilu , Justice Mwilu , Justice Maraga , Justice Evan Johnson Gicheru , Willy Mutunga , Justice Philomena Mbete Mwilu , Raila Odinga , Macharia Njeru , Isaac Lenaola , Justice Kalpana Rawal , Justice Philemona Mwilu , Justice David Maraga , Supreme Court , Judicial Service Commission , National Assembly , Imperial Bank , Supreme Court On , A Court , High Court , Chief Justice Philomena Mwilu , Chief Justice David Maraga , Chief Justice Philemona Mwilu , Machakos Senator Boniface Kabaka , Deputy Chief Justice , Chief Justice , Judge Mwilu ,