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Gulf African Bank to auction South C's Beyruha Academy over Sh60m loan
Justice Wilfrida Okwany extended the orders last week but the lender has instructed Leakey’s Auctioneers Ltd to proceed as school owner Sagal Investment Ltd has failed to service the loan.
Photo credit: File | Nation Media Group
What you need to know:
- Beyruha Academy, established in 1988 and located in Five Star estate Phase II, is set to be auctioned on Wednesday.
- Justice Wilfrida Okwany extended orders against the auction last week but the lender has instructed Leakey’s Auctioneers Ltd to auction the school.
Gulf African Bank is set to auction a school in South C, Nairobi, over a Sh60 million loan despite a court’s extension of orders barring the exercise.
Justice Wilfrida Okwany extended the orders last week but the lender has instructed Leakey’s Auctioneers Ltd to proceed as school owner Sagal Investment Ltd has failed to service the loan.
