A city controversial billionaire has been ejected from a local bank together with his billions.
Citing opaqueness, the bank decided to give back his billions until he clears the air on the source of his wealth.
Paul Kobia, a tycoon, despite suing Central Bank of Kenya CBK for their directive to stop conducting business with him, finally faced ejection.
The city business tycoon reportedly had three well filled accounts with the said bank until late 2018 when the Attorney General and the CBK started raising concerns about his dealings which are not so clear.
“We have decided to close your accounts or products with effect from January 14, 2019,” the bank wrote to him.
But in a sharp rejoinder, the businessman argued that no one had ever charged him for any economic crime.
He said this even as the Commercial Court Judge Justice Wilfrida Okwany insisted that Kobia’s argument was not convincing.
“Looking at the letter in question, this court is unable to find nexus between the threatened closure of the petitioner’s bank accounts and any action by the respondents herein so as to justify the granting of the orders sought in the petition,” the judge ruled.
Kobia has had constant differences with the State which has not once seen his Nairobi homes raided by detectives for suspicious deals. Look at this lifestyle-
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