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Originally published by Nation Newstop
April 16, 2026
6h ago
Moi University accounts frozen over Sh1bn debt owed to contractor

More than 10 accounts are frozen as penalties due to accumulated interest owed to Vishva Builders Ltd...
✨ Key Highlights
Moi University has had over 10 of its bank accounts frozen by the High Court due to a debt exceeding Sh1 billion, stemming from a botched construction deal over two decades ago.
- The debt, including accumulated interest, has ballooned from an initial Sh185 million owed to Vishva Builders Ltd.
- The High Court ordered the attachment of accounts across multiple banks including National Bank of Kenya, Kenya Commercial Bank, and Co-operative Bank.
- The frozen accounts were ordered after the university failed to present a clear payment plan, although accounts for specific purposes like research and scholarships were excluded.
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