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Barclays Bank closes accounts of flashy city businessman Paul Kobia

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Barclays Bank has closed accounts owned by controversial businessman Paul Kobia, a move he now claims is related to new regulations requiring individuals to reveal the source of any money flowing into their accounts.

The lender cut ties with Mr Kobia on January 14, a month after notifying him of the move.

The notification letter stated that the decision was made “following a review of our business”.

In the letter, Barclays states that it has also ceased offering Mr Kobia investment services.

The letter is attached as evidence in a suit Mr Kobia has filed seeking to declare the new regulations illegal, claiming that they will hinder investment from abroad and violate the privacy of clients.

Mr Kobia has sued the Central Bank of Kenya and Attorney General Paul Kihara Kariuki claiming that Barclays’ decision was made following new rules that require individuals and institutions to reveal the source of money coming in or going out of their bank accounts.

“Any funds received in your favour after the closure will be returned to the remitter. We cannot, however, guarantee that such funds will be resent to you by the remitter,” the banks states.

“After we have closed your accounts, any additional funds remaining will be repaid.”

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source:nairobinews.co.ke

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Kenyan avocados cleared to enter the expansive Chinese market

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enyan farmers will now export their popular hass avocados to China following a trade deal signed when President Uhuru Kenyatta met his Chinese counterpart Xi Jinping in Beijing today.

The signing of the agreement which makes Kenya the first African nation to export avocados to the Asian nation with a market of over 1.4 billion consumers comes after a long and comprehensive approval process that included Chinese experts visiting Kenyan farmers.

It is estimated that when the agreement is fully implemented, the Chinese market will absorb over 40 percent of Kenya’s avocado produce, making it one of the largest importers of the fruit. Other famous destinations of Kenyan avocado include Europe and the US.

The signing of the protocol on sanitary and phytosanitary (an agreement relating to the health of plants, especially with respect to the rules of international trade) requirements for the export of frozen avocado was the last major hurdle for the Kenyan crop to be accepted in the highly regulated but lucrative Chinese market.

Avocado becomes the second farm produce from Kenya to access the expansive Chinese horticultural market after Stevia and will be followed by 13 other priority farm produce among them flowers, mangoes, French beans, peanut, vegetables, meat, herbs, bixa and macadamia.

READ ALSO:   Flying squad discover billions in fake currency at Barclays Bank branch

The meeting between Presidents Kenyatta and Xi Jinping and their delegations focused on promoting economic and trade exchange in 8 key initiatives identified during the Forum on China-Africa Cooperation (FOCAC) meeting held in Beijing last year.

These initiatives include industrial promotion, trade facilitation, infrastructure connectivity, green development and people-to-people exchange. Others are capacity building, healthcare, and peace and security.In addition to the avocado deal, President Kenyatta witnessed the signing of an agreement on Economic and Technical Cooperation covering all sectors of mutual interest and an MOU on joint promotion of the implementation of the 8 FOCAC priority areas.

President Kenyatta is in Beijing, China for a three-day working tour where he will also attend the Second Belt and Road Forum (BRF) for International Cooperation that will be officially opened by President Xi Jinping on Friday.The President is accompanied by Cabinet Secretaries Peter Munya (Trade), Dr.Monica Juma (Foreign Affairs) and James Macharia (Infrastructure) among other senior government officials.

source:standard.co.ke

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69-Year-Old Dutchman alleges estranged Kenyan Wife’s Plot to Illegally Inherit His Vast Estate

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A Nairobi-based Dutchman has written to the Director of Public Prosecutions (DPP) and the Inspector General of Police over harassment by his estranged Kenyan wife.

Tob Cohen, the CEO of Tobs Company accuses his estranged Kenyan wife of using police and the justice system to harass and intimidate him.

Cohen claims that his partner Sarah Wairimu is colluding with some government officers to illegally deport him so that she can take over his vast estate.

“There has been a curious excitement to have our client prosecuted for allegedly assaulting her despite insufficiency of evidence, which intended prosecution is aimed not only at soiling his reputation but also having him deported from Kenya so that his properties become free and available to Sarah Wairimu Kamotho and her accomplices,” Cohen’s lawyer Danstan Omari says.

Cohen says Wairimu is using all means in an attempt to inherit his properties after he filed for divorce early this year.

Cohen, 69, has lived in Kenya since 1987 and married Wairimu in 2007 but soon after, their marriage became rocky after she began demanding a 50 percent stake of his property.

“The said Sarah Wairimu Kamotho has expressly been disrespectful to our client by being scornful and by use of emotional blackmail well demonstrated by the denial of our client’s conjugal rights,” the letter reads in part.

READ ALSO:   Flying squad discover billions in fake currency at Barclays Bank branch

He also accuses Wairimu of storming into his office and throwing a glass of water at his face, threatening him, and pushing him downstairs, sustaining serious injuries on his forehead.

He says he was treated and later reported the matter at Parklands Police Station but that Wairimu filed a report at Gigiri police station claiming to be the one who was assaulted.

“That our client is astonished at the discriminatory manner in which the law is being applied to his disadvantage since no step has been taken by police officers at the Parklands police station to prosecute Wairimu despite a preponderance of evidence demonstrating her guilt, yet the same law enforcers are keen on prosecuting our innocent client.”

Cohen says he will continue to suffer humiliation, discrimination, and persecution if the DPP and IG fail to take action.

Source: Mwakilishi.com

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KWITU Founder Lilly Richards Launches New Shoe Line in the US

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Kenyan Women in the United States (KWITU) Organization founder and president Lilly Richards has launched a new shoe line dubbed “Lavish by Lilly.”

The shoes, intended for the high-end market, are handmade by a master Italian craftsman from pristine Italian leather and are available on order.

Ms. Richards has taken to social media to express her joy even as she thanked her customers who have made orders for the shoes.

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“Yesterday I woke up to hundreds of tags on the Internet. I did not see it coming but the love and support was unbelievable,” she says.

“How did I get to be so lucky as to have your love and support. You have encouraged me and reassured me of God’s love and promises to us. I am beyond grateful. I am overwhelmed with joy.

My heart is full and at this point I can say I am truly happy and always blessed. Thank you for standing with me as I take a chance. Thanks to all that have put in orders. Nashukuru.”

Lilly is an advocate for women and children and currently partners with results.org to help influence political decisions and bring to end preventable maternal and child deaths.

She founded KWITU, one of the largest and most active Kenyan women network in the diaspora.

READ ALSO:   ODM Politician among those arrested over Ksh2 Billion Fake Cash at Bank

SOURCE: Mwakilishi.com

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