A spiritual DISASTER it was and not a national prayer breakfast!
Kenya's most heartless gathering in history!
The best description of a deceptive and evil regime led by hypocrites!
Yes Linus Kaikai nailed it as it is without altering a word!
@GukenaFMKenya Ni Jubilee. Ambunge othe aria macagurirwo na Jubilee mwaka wa 2022 tiga Amos Mwago, manyitaga mbaru thirikari ya UDA. Guchagura Jubilee ni gucagura UDA
Looting of SHA was expected. Before he joined Kasongo, mzee Francis Atwoli consistently warned that Zakayo would loot Central Bank of Kenya if he became president. Surrogates Duale & Murkomen are only doing what THIEF RUTO orders! Removal of Ruto will safe Kenya! #RutoMustGo
They say a picture is worth a thousand words. Well, these are worth more than six thousand tweets. We sit together, listen, and work as one. #WeAreUnited#KomboaKenya ๐ฐ๐ช
๐จ๐จ DID YOUR BANK EVER โJUSTโ INCREASE YOUR LOAN INTEREST ABRUPTLY? READ THIS.
The Supreme Court of Kenya has finally said what many borrowers suspected but were never told. In Stanbic Bank Kenya Ltd v Santowels Ltd [2024] KESC 31, the Court ruled that banks CANNOT wake up one morning and increase your interest rate just because your loan agreement says they can. In this case, the dispute began in a very familiar way. A company borrowed money from a bank under loan agreements that allowed the bank to vary interest rates. Over time, the bank adjusted the interest, notified the borrower, and the borrower paid. Years later, the borrower questioned whether those increases were lawful and commissioned an independent audit. The audit showed that the bank had charged more interest than it should have. What followed was a long court battle that climbed all the way to the Supreme Court.
The bankโs defence was simple and dangerous: the contract allowed it and that the borrower had signed. The Supreme Court rejected that argument. The Court held that even where a loan contract gives a bank discretion to vary interest rates, that discretion is not absolute. Under section 44 of the Banking Act, a bank must first obtain approval from the Cabinet Secretary responsible for finance before increasing interest rates. Contractual clauses do not override statutory safeguards. The Court was blunt: discretion cannot be exercised arbitrarily, and the law exists precisely to prevent that.
This decision lands hard for ordinary borrowers. Many Kenyans have experienced rising loan balances they never negotiated, never approved, and never truly understood. This judgment confirms that interest variation is not a private arrangement between you and your bank. It is a regulated act. If you were charged increased interest without the required approval, the law provides a remedy. Courts can order refunds of unlawfully charged interest and award damages where overcharging is proved. The Supreme Court has drawn the line. For borrowers who thought the money was gone forever, the law says otherwise.
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#TheDECADEinKL Partey #KilimoProgressReport BETA Agriculture #MikeAndKingangi #LoveAtFirstTry Kenya Kwanza kanjama unfit president butere level 4 hospital Carrick nyota rpl Guinness World Records Kenya Kwanza
God did not give us a spirit of cowardice but rather of power, love, and self-control. So do not be ashamed of your testimony to our Lord...but bear your share of hardships for the Gospel with the strength that comes from God. 2nd Timothy 1: 7-8