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Court Order Two Firms To Pay 580m/- To Nicol


The National Investment CompanyLimited (NICOL) has won a case for recovery of 580m/ – loan it had redeemed in favor of Twiga Feed Limited, which the company dealing in poultry business had obtained from social Action Trust Fund (SATF).

This followed the decision of the High Courts Land Division to grant a counter claim lodged by NICOL, the defendant, to oppose the suit filed by Twiga Feed Limited and Abcon Chemicals Limited, the plaintiff, over the payments in question.

Judger Luvanda ordered the two plaintiff companies to pay the 580m/= with interest to defendant after dismissing the suit in question for number of relief sought, ruling that they failed to prove their claims upon production of the evidence.