Home Business NBK ordered to pay Ecobank Sh500 million in driving licence row

NBK ordered to pay Ecobank Sh500 million in driving licence row

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Business Daily | by Sam Kiplagat

National Bank of Kenya (NBK) has been ordered to pay Ecobank over half-a billion shillings for a botched financing deals linked to the supply of digital driving licences.

Justice Grace Nzioka ruled that NBK had to pay Sh549.3 million based on an agreement signed three years ago, which compelled the lender to pay Ecobank on account of a firm that had been subcontracted to supply the digital driving licences…

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