The Court has declared MOGO's loan of KSh 400,000, which ballooned to KSh 976,750, illegal.
The borrower had taken a loan of KSh 400,000 and had already repaid KSh 299,369. However, MOGO claimed he still owed KSh 677,381 and demanded a total repayment of KSh 976,750 to redeem the loan.
The Small Claims Court found that MOGO's effective interest rate of about 86.4%, together with additional charges, was exploitative and oppressive. The Court also held that MOGO failed to prove the penalties, monitoring fees, insurance fees and other amounts it claimed because it could not justify how those figures were calculated.
Applying the in duplum rule, the Court ruled that interest cannot exceed the principal amount advanced. It rejected MOGO's inflated claim and entered judgment for only KSh 100,631, the outstanding balance after deducting the borrower's repayment plus court-rate interest and costs.
📍𝙏𝙝𝙚 𝙒𝙞𝙣𝙚 𝙎𝙝𝙤𝙥
I’ve really been missing in action here poleni, but just know I’m doing my best🥹 Trying to at least.
Okay let’s get into this review. The Wine Shop is a premier wine bar & restaurant located on Loresho ridge. #nairobieats
- 2023 INEOS Grenadier Trailmaster 🇬🇧
- KSh19.5 Million
- Fuel Tank: 90L
- 9-10km/litre
- Mileage: 3,000km
- Location: Nairobi 🇰🇪
- +254733665551 (WhatsApp)
- [email protected]
- 3.0-litre Inline-6 Twin-Turbocharged Diesel with Common-Rail Direct Injection and Intercooler (BMW B57)
- 250bhp @ 3250-4200 rpm
- 550Nm @ 1250-3000 rpm 🔥🔥
- 8 Speed ZF AT with Manual/Sequential Mode
- Permanent 4WD with 2-Speed Transfer Case with Front, Centre and Rear Differential Locks + Carraro Beam Axles and Eibach Coil Springs
- 6 Airbags
- Bilstein/ZF Dampers
- Downhill Assist Control
- Electronic Stability Control
- Electronic Traction Control
- LED Headlights with LED Daytime Running Lights and Auxiliary LED High-Beam Lights in the Grille (For Off-road Use)
- Rear Camera
- Rear Parking Sensors
- SOS eCall Emergency System
- Trailer Stability Assist
- Tyre Pressure Monitoring System
- Uphill Assist
- BMW Sourced 12.3" Central Touchscreen with Rotary Controller + Steering Wheel Controls
- Android Auto and Apple CarPlay
- Basic 4-Speaker Audio System
- 2X USB-A Ports
- 2X 12V Sockets: Front and Cargo Area
- Alloy Rims
- Alpine Windows
- BF Goodrich All-Terrain Tyres
- Fabric Seats
- Rear Ladder
- Sunroof
- Tow Bar
Businesswoman Mary Wambui is at risk of losing all her investments and putting her two daughters in trouble with Equity Bank as personal guarantors, as fresh details now reveal that she may have put all her eggs in one basket for the Sh8 billion loan.
In a rare but exclusive glimpse into expansive interests, including in estate and aviation, Wambui, who is said to be President William Ruto’s close ally, first used properties under Purma Holdings Limited to secure loans for Glee Hotel, which has now been put under administration, and for Albatross Aviation Limited.
https://t.co/4NKsa8SKhn
Goons can march like this only with the express support of state authority. I have it said it before and I can repeat it again that goons in most parts of Kenya are under the Express control the PS Office of President.
Over 40 Kenyan companies are set to close after applying for bankruptcy in the nine months to March 2026, up from 24 in the same period in 2025.
.The increase is due to weak demand, cash flow problems and delayed payments