March 7, 2026
Nairobi, Kenya

Equity Bank

Business

Equity Bank’s weak oversight allows teller to swipe millions in shocking theft

Gilbert Kiptoo Lelon, a teller at Equity Bank’s Kahawa Branch, has found himself at the center of a serious criminal case that raises troubling questions about the bank’s internal controls and employee oversight. He was arraigned before Senior Principal Magistrate Dolphina Alego, facing charges of stealing by servant, a crime outlined under Section 281 of

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Business

Internal audit triggers major shakeup at Equity Bank with nearly 1,400 jobs lost

Equity Bank is one of the leading financial institutions in Kenya, offering important services to millions of customers. The bank is led by James Mwangi, who serves as the chief executive officer. Under his leadership, the bank has grown in both size and reach. However, recent news from the Business Daily newspaper published on Friday,

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