Lloyd Masika Limited · LEAD
Lloyd Masika Probed for Fraud as Stanbic Bank Exposed for Incompetence in Due Diligence
Stanbic Bank, left nursing a colossal loss, accused Lloyd Masika of gross negligence and submission of false valuation reports.
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Lloyd Masika Limited
2 articles
Lloyd Masika Ltd Fined Sh40M Over Fake Valuation Report
The once highly respected property management firm Lloyd Masika Limited has been caught flat-footed after it emerged that the company may have colluded with a client to give a fake valuation report that enabled the client to secure a loan with Stanbic Bank Ltd. According to available information, Stanbic Bank had instructed Lloyd Masika Ltd. […]