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NIC CEO John Gachora faces jail over car loan

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NIC CEO John Gachora is staring at a possible jail term over a car loan row.

This is after Justice P. J Otieno directed both Gachora and directors of NIC Bank to appear before him on Wednesday and show cause why they should not be punished for alleged defiance of court orders related to the disputed vehicle.

 

Justice Otieno had on December 18, 2018 directed the bank to release a Sh. 7 million Toyota Land Cruiser to lawyer William Arusei who had bought it through the bank.

NIC Bank CEO John Gachora’s career profile

“Unless the NIC Bank PLC agents/directors, auctioneer Gachoki Gathogo and officials of Car Max (EA) Ltd are arrested immediately to show cause why they should not be committed to prison for disobedience of court order the vehicle will be sold and whole court process shall be defeated and rendered a sham ,” Mr Atonga told Justice Otieno.

The judge heard his orders will be deliberately frustrated and the rule of law and justice obscured by the bank, Mr Gathogo and Car Max (EA) Ltd who have been named as defendants. Instead of the vehicle being handed over to Mr Arusei, it was taken away from the driver and his lawyer Sethna Atonga.

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