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Thursday October 24, 2019 - Jubilee Secretary General, Raphael Tuju, is in big trouble after his hotel was sued in London for nonpayment of a loan.

The East African Development Bank (EADB) moved to a London court to force Tuju’s restaurant to honour its loan obligation. 

Dari Restaurant, an eatery located in Karen, is required to clear Sh1.4 billion, which is a loan summing up the principal advanced and the accrued interest.

EADB, at the Queen’s Bench Division of the High Court of Justice of England and Wales, states that the amount loaned out on July 31, 2015 was Sh 951m and has been defaulted since 2017 making it increase to the current debt.

S.A.M Company Ltd and Tuju agreed to be guarantors on a full indemnity basis making him partly liable to repay the loan.

According to court papers, the restaurant linked to Tuju agreed to repay the amount advanced and interest accrued in 20 instalments.

There was also a 24-month grace period included in the deal.

However, the grace period expired in 2017.

The restaurant is accused of defaulting in the loan repayment and breach of the agreement.
Dari Restaurant appealed the ruling by the London court.

“The court is in a position [to conclude] that the rate of default interest is not penal and that the proposed defence does not have a real prospect of success,” the judge ruled.

The Kenyan DAILY POST
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  1. A university lecturer was today arrested after the decomposing body of her 13-year-old son was found wrapped in a blanket in their house in Nairobi’s South B estate.
    The woman teaches at the University of Nairobi.
    Police said they found the decomposing body of the son who has been a pupil at a private school in the city in their bedroom and wrapped in a blanket. It is not clear how long the body had stayed there.
    The woman told police the son fell and died in the house. She said she did not take him to the hospital because she does not believe in hospitals.
    Police believe the woman is in a cult. She was detained at the Industrial Area Police Station ahead of a planned visit to a psychiatric for assessment of her mental status.
    This will determine the way forward of the case.
    The remains of the boy were taken to the mortuary.
    Probe these case alongside that of Felix Shitsama step son to Dr Kitaa Vet Nairobi University. This family could be members of such cult.

    ReplyDelete

 
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