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Court Halts Sh1bn Payout Deal to Imperial Bank Depositor, Presses CBK Role

Court Halts Sh1bn Payout Deal to Imperial Bank Depositor, Presses CBK Role

A court stopped a deal to pay an Imperial Bank depositor Sh1 billion, altering the compensation path in the bank’s collapse saga. The court said the Central Bank of Kenya should undertake to pay depositors if they prevail in the case.

Original headline

Deal to pay Imperial Bank depositor Sh1bn stopped