{
  "id": 12311243,
  "title": "Court upholds Sh1.7m award against Co-op Bank over vehicle sale",
  "url": "https://urgent.news/2026/10/06/court-upholds-sh1-7m-award-against-co-op-bank-over-vehicle-sale",
  "topic": "world",
  "section": "World",
  "published": "2026-10-06T05:32:45.000Z",
  "source": {
    "name": "Capital Business",
    "slug": "capital-business",
    "url": "https://capitalfm.africa/court-upholds-sh1-7m-award-against-co-op-bank-over-vehicle-sale/"
  },
  "original_language": "en",
  "account": "Nairobi, Kenya - The Court of Appeal in Kenya has confirmed a High Court ruling that Co-operative Bank of Kenya must pay KSh1.7 million to customer Peter Musya Kiteme for the unlawful repossession and sale of his vehicle. The three-judge panel dismissed the bank's appeal against the original High Court decision, which awarded KSh1.8 million to Kiteme, including KSh300,000 in exemplary damages and interest, along with court costs. The court affirmed that the High Court judge did not err in upholding the award. Kiteme had purchased a Toyota Harrier worth KSh2.95 million through an asset-finance and hire-purchase agreement with the bank. He paid a KSh718,000 down payment, with the bank financing the remainder. The financing arrangement required Kiteme to make 48 monthly payments of approximately KSh60,434. The bank repossessed the vehicle in May 2021, citing that Kiteme was in arrears of KSh455,029. Kiteme argued that he had already settled the outstanding balance and storage charges by June 15, 2021, but the bank refused to return the vehicle. It was ultimately sold in September 2021 for KSh1.52 million. The dispute hinged on Section 20 of the Consumer Protection Act, which protects consumers from repossession or sale of goods when they have paid two-thirds or more under a future performance agreement, barring court permission. The court concluded that Kiteme had indeed paid more than two-thirds of the required amount under his financing agreement with the bank. The Court of Appeal rejected the bank's claim that the Consumer Protection Act did not apply, as the transaction was governed by the Hire Purchase Act.",
  "summary": "A three-judge bench of the Court of Appeal dismissed the bank’s appeal against the High Court decision that awarded Peter Musya Kiteme Sh1.8 million, subject to specified deductions, together with Sh300,000 in exemplary damages.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}