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Sharp Daily·September 8, 2026 at 8:17 AM

Standard Chartered Bank Kenya has issued a 30-day statutory notice to Nakumatt Investments Limited demanding settlement of more than Sh1.9 billion in outstanding loans. According to the notice, if the debt is not paid, the lender will appoint a receiver to collect rental income from four properties linked to the collapsed retail chain. The move is part of the bank's effort to recover funds owed by the defunct supermarket operator.

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Standard CharteredNakumattdebtbankingreceivershipKenya

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