Nairobi, July 2 -- A creditor seeking to auction the 14 Riverside complex in Nairobi's Westlands has claimed that repeated court injunctions have delayed the sale for years, increasing the debt by about Sh150 million in interest every month.

Synergy Industrial Credit Ltd argued that any further delay in disposing of the prime property would only worsen the situation, insisting that the substantive dispute has long been settled by the courts.

"Every month that passes, interest grows by about Sh150 million. This litigation must come to an end," Synergy stated.

The dispute stems from Synergy Industrial Credit's attempt to enforce an arbitral award that has grown from Sh1.66 billion to about Sh10.7 billion after years of accumulated intere...