EXCLUSIVE, KCB BANK CEO IS IN TROUBLE OVER MUMIAS SUGAR LEASING SAGA.
WHY KCB BANK CEO IS IN TROUBLE OVER MUMIAS SUGAR LEASING SAGA.
West Kenya Sugar ltd will demand explanations from KCB chief executive officer Joshua Oigara and its appointed receiver manager as to why they settled on the lowest bidder in the race to lease Mumias Sugar Company.
Through Senior Counsel Paul Muite, the miller says it placed the highest bid at Sh36 billion compared to eventual winner Sarrai Group whose bid was Sh5.8 billion, with a difference of Sh30.2 billion.
We will seek (to have) KCB CEO Joshua Oigara to come and explain to the court, to the Kenya public the logic behind rejecting Sh36 billion and accepting 5.6 billion Kenya shillings. There has to be an explanation and they owe a duty to come and give that explanation,” said SC Muite.
The vete...