In a landmark ruling that is expected to disrupt the peace of many banks in Kenya, the High Court on March 15, 2024 upheld the decision of the Small Claims court in which a customer successfully sued Kingdom Bank a subsidiary of Co-operative bank after losing Sh50,600 he erroneously credited to an M-Pesa till number […]
A technology specialist in one of the banks in the country has been accused of revealing the secret of the account of a customer who lost Sh2.2 million. Mr Simon Sirere Seno, a technology affairs officer at the Cooperative bank, was charged together with Harrisson Mwaura Njoroge for stealing Sh2.2 million from Mrs Nancy Nyambura […]
Banks are pushing the Central Bank of Kenya (CBK) to reinstate mobile cash transfer charges whenever customers move money from their bank accounts to mobile money wallets, after making losses due to fall in fees and commissions from such transactions. KCB chief executive Joshua Oigara said that the bank is persuading the regulator to ensure […]
The High Court has frozen more than 30 properties and over Sh93 million belonging to five woman and a company, which a state agency suspects are proceeds of crime. The money in three accounts belong to Esther Wagio Njunge, Kenya Rural Roads Authority (KeRRA) Procurement Manager Margaret Wanja Muthui and Light House Trading Company Ltd […]
