According to his estimates, he was to generate Sh10 million every three months, after the first three years of clearing the loan. The bank states that it agreed to loan him Sh18 million to “enable you finance completion of your horticultural and floricultural project”. While Major Lang’at received a letter from the defunct bank confirming receipt of Sh20 million, the wait for Sh18 million to complete his project never ended. Three weeks ago, Financial Standard wrote to NBK asking among several other questions why it did not honour its Sh38 million loan agreement. We are not the rightful authorities to reverse such action.” Major Lang’at says he is still traumatised by the turn of events.

Source: Standard Digital July 25, 2017 04:30 UTC