Court rules that Ksh.385m NCBA Bank tax waiver was not in public interest

NBCA banks is set to appeal a high court ruling which nullified a 384.5 million shillings stamp duty exemption granted to the bank following the 2019 merger of nic bank and cba bank. In a statement seen by citizen tv the the lender maintains that the exemption was procedurally secured in the interest of the public and in compliance with the law. Jimmy mbogoh now traces back the matter which could affect how tax exemptions for mergers are scrutinized and its ramifications.