Equity bank boss defends acquisition of sh300 million land from moi
Equity Bank chief executive officer James Mwangi has said he did not borrow loan from the bank to acquire a contested parcel in Nairobi’s upmarket Muthaiga estate.
Testifying before High Court Judge M. Mwangi, Mwangi further said he did not offer any security to secure the land, which he claimed he purchased from the late President Daniel Moi.
Maestro Connections Health System has sued Riley Services, United State International University (USIU), DPS International ltd and Moi among others including law firms over the parcel.
“In 2016 I had no position in the board or the management. I do not know about the loan. I did not borrow money from Equity bank to buy this property. I did not submit any documentation to any bank official regarding this transaction. The property is not liste...