Mary Wambui ordered to pay Sh100m to Equity Bank, save Glee Hotel

Businesswoman Mary Wambui Mungai was ordered by the High Court to pay Sh100 million to Equity Bank within seven days of June 5 to save her luxury Glee Hotel in Nairobi's Runda estate from auction. The payment is a condition for temporarily halting the lender's statutory power of sale. Failure to pay would automatically lift the suspension. The ruling stems from a consent agreement where Equity Bank had accepted Sh7.75 billion in settlement, but the 45-day payment deadline expired.