Trader loses bid to block NBK takeover of city leather firm

The High Court dismissed Yobesh Kenya Ontiria's attempt to prevent the National Bank of Kenya (NBK) from taking control of a leather-processing business linked to Zingo Investments Limited. The court ruled that Ontiria only had a contractual claim of Sh26.3 million without a registered security interest that could override the bank's rights. NBK, acquired by Access Bank Plc, is pursuing recovery of Sh733 million from Zingo, whose assets are under receivership.