Benjo land was 150 m at the time the case came to appeal court.Meaning that at the time the case was in High court,thats some years back as land appreciates in value,the said land was below the 70 m kcb wanted.The first valuation was done when the case first came to high court.The initial loan was 23 m.Meaning some years lapsed to accrue the additional amount of interest.We are talking of 24 years here.
KCB cant furnish Ngengi with statements as he was only a guarantor.Its Benjo who should ask for the
same and since they are defaulters,they are guilty as charged.
Kcb cant accept liabilty on benjoh part.They couldnt sale benjo land at a price deemed below the loan value.Selling Ngengi land made value to them.So Ngengi bears the liability for benjo as the guarantor.
If the land is 3 billion now as its said,Benjo should pay Ngengi the full amount.Bidii are innocent.They should posess their land.

@Ebenyo - A guarantor has the right to ask for and be given an statement of accounts if there is a default! You cannot just put his property under the hammer because he might actually be willing/planning to clear the balance to save his property.

I have actually seen some financial institutions sending a statement of accounts to the guarantors without being asked for them as they explain the actions they are about to take to recover the money from the guarantors.

Okay my brother. I feel you. Especially on the daughter part. If you read some of my posts, you will realize that a good number of my investments and financial decisions have "the daughter" angle. I totally know the feeling my fellow dad!

Let's hope our daughters are not disenfranchised by the actions of a few.

GFL used the net proceeds from the offering to repay its outstanding borrowings under its senior secured revolving credit facility, to pay fees and expenses in connection with the offering and for general corporate purposes that includes the financing of future acquisitions and organic growth initiatives, gfl.

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