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KCB sued over Sh2.2 billion deal snag

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A longstanding dispute between Kenya Commercial Bank and a cousin of President Uhuru Kenyatta was back in court yesterday. Samuel Kungu Muigai of Benjoh Amalgamated is seeking Sh2.2 billion in damages from the bank for the breach of a contract. Kungu said the bank had agreed to finance a flower project in Nyandarua in 1988. He said he fulfilled his part of the bargain but the bank allegedly reneged and only paid a small sum of the agreed amount...

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