Credit Bank cleared to recover Sh80m from coal investors

The High Court has allowed Credit Bank Ltd to sell two properties owned by Ronald Njoroge King’ang’i and Bella Wagatwe King’ang’i to recover an Sh80 million loan linked to a failed coal exploration project. The couple did not repay the debt or provide any explanation for their default, despite receiving all statutory notices. The bank followed all statutory procedures, including issuing sale notices, and emphasized that delays in the sale could lead to further losses.