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Moi University in Eldoret Uasin Gishu county. [File, Standard]
A contractor is seeking court orders to freeze Moi University's 68 bank accounts in seven banks to recover Sh132 million owed to him.
Vishva Builders Limited wants to recover the money owed since 1990 when it was awarded a tender to construct the Faculty of Science building.
On August 16, 2024, the company successfully froze three university accounts at the National Bank of Kenya, with a Sh13.45 million attachment.
To recover the Sh119.29 million balance, Vishva, through its lawyer Nelson Havi, wants Justice Anthony Mrima of the High Court in Eldoret to order the freezing of more accounts.
The company wants 36 National Bank accounts operated by Moi University attached due to the debt.
“The court should order the accounts attached and the money be paid to Vishva Builders Limited through its account number at Standard Chartered Bank Limited,” submits Havi.
Further, the company wants five Moi University accounts at Co-operative Bank Limited frozen to recover the remaining debt.
The contractor wants the court to order the attachment of 12 accounts operated by the university at Kenya Commercial Bank Limited (KCB).
“Following the debt due to Vishva and owing from Moi University, under the decree issued on July 29, 2019, two Standard Chartered Bank Limited Accounts be attached and the money be paid,” Havi submits.
The company is also demanding the attachment of six bank accounts in Access Bank Limited, two accounts in Equity Bank Limited and five accounts in Absa Bank Limited, owned by the university.
Havi has listed the seven banks as interested parties in the Notice of Motion before the court.
The company also wants the seven banks to be summoned and show cause why they should not pay the debt owed to Vishva.
According to Havi, the university debt is Sh109.32 million as per a decree dated July 29, 2019, plus Sh23.42 million as per the Bill of Costs dated November 8, 2019.
“The respondent (university) has to settle the debt despite requests by the company, even after the university gave the applicant (Vishva) a payment plan four years ago,” submits Havi.
The company’s court papers show that on May 24, 1990, it tendered a contract worth Sh476.37 million with the university.
A formal construction contract that was expected to last 130 weeks from June 21, 1990, was signed.
Vishva said it raised a certificate for complete works amounting to Sh242 million, but the university only paid Sh57 million, defaulting on Sh185 million.
The university said the agreement was never executed by the law as the Bill of Quantities (BQ) was never executed.
The Standard Group Plc is a multi-media organization with investments in media
platforms spanning newspaper print operations, television, radio broadcasting,
digital and online services. The Standard Group is recognized as a leading
multi-media house in Kenya with a key influence in matters of national and
international interest.
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