Kenya Commercial Bank Opposes Sale Of Ruto’s Hotel Over Ksh1.2 Billion Loan

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Kenya Commercial Bank has opposed the repossession of Weston Hotel, arguing that the move would risk the recovery of a Ksh1.2 billion loan.

The Bank revealed that they had issued a loan to Weston Hotel in 2015 and sought orders to block the Kenya Civil Aviation Authority (KCAA) from filing a new suit to reclaim the property.

KCAA wants Weston to give up the land despite the National Lands Commission (NLC) directing the Ruto-owned hotel to keep it and pay KCAA for the property at the current market value. DP William Ruto also personally opposes the move by KCAA.

Weston Hotel alleged that KCAA had conspired with unknown players to politicize the controversial land.

“It is a cheap attempt to malign and scandalize the DP because it is believed he has certain interests in the property. They want to damage him politically,” Weston’s lawyer Ahmednasir Abdullahi stated.

 

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