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Lloyd Masika, Stanbic probed over suspicious valuation

Summary by Billionaires.Africa
Kenya’s real-estate sector has been jolted by a ruling from the Nairobi High Court that pulls the curtain back on the workings of leading valuation firm Lloyd Masika Limited and its founder, businessman David Masika. The Milimani Commercial Court, presided over by Justice Aleem Visram, has ordered the company to hand over audited accounts, title deeds, bank statements and company books to Stanbic Bank Kenya within 21 days — as part of efforts to…
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Billionaires.AfricaBillionaires.Africa

Lloyd Masika, Stanbic probed over suspicious valuation

Kenya’s real-estate sector has been jolted by a ruling from the Nairobi High Court that pulls the curtain back on the workings of leading valuation firm Lloyd Masika Limited and its founder, businessman David Masika. The Milimani Commercial Court, presided over by Justice Aleem Visram, has ordered the company to hand over audited accounts, title deeds, bank statements and company books to Stanbic Bank Kenya within 21 days — as part of efforts to…

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Billionaires.Africa broke the news in on Friday, October 31, 2025.
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