Drama as Auctioneer Storms Access Bank Eldoret over Ksh500 Million Debt

Drama as Auctioneer Storms Access Bank Eldoret over Ksh500 Million Debt

There was drama outside Access Bank in Eldoret town after an auctioneer attempted to take away some equipment over an alleged Ksh500 million debt that the bank owes a lawyer.

Customers who were at the bank, located at Hughes Building, Uganda Road, were left in confusion following the incident, with a lawyer claiming that the financial institution, previously referred to as Trans-National Bank had failed to pay him the money.

The debt is said to be part of legal fees for an ongoing case involving the Access Bank over land ownership row in which the lawyer who sought anonymity is representing them at the Eldoret High Court.

Scenes outside the Access Bank Eldoret branch.

Access Bank, Eldoret branch manager declined to speak to the press over the incident.

Access Bank Kenya (ABK), whose complete name is Access Bank Kenya Plc, formerly Transnational Bank Kenya Limited, is a commercial bank in Kenya. It is licensed and regulated by the Central Bank of Kenya, the national banking regulator.

The bank has 28 networked branches in Kenya.

Some of the chairs that the auctioneer wanted to take away from the bank.

Access Bank is owned by Access Bank Group, a Nigerian multinational commercial bank headquartered in Lagos that acquired 100 percent of the shareholding of Transnational Bank on 1st February 2020.

Leave a Reply

Your email address will not be published. Required fields are marked *