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Originally published by Capital Businessbusiness
August 20, 2026
4h ago
Co-op Bank demands Sh862mn in debt arrears from Sony Sugar
In a notification dated July 14, 2026 and addressed to the company's Chief Executive Officer, the bank said it would exercise its statutory power of sale over Land Reference No. 16339/1 unless Sony Sugar clears the outstanding amount within 40 days of being served with the notice..
✨ Key Highlights
Co-operative Bank of Kenya has issued a 40-day notice to sell a property of South Nyanza Sugar Company (Sony Sugar) over a significant debt.
- The outstanding debt amounts to Sh862.3 million.
- The lender is Co-operative Bank of Kenya, and the borrower is Sony Sugar.
- The bank intends to exercise its statutory power of sale over Land Reference No. 16339/1 if the debt is not settled within 40 days of the July 14, 2026 notice.
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