Search

Banking

Equity Bank Sacks 200 Over Ksh1.5 Billion M-Pesa Payroll Fraud in Sweeping Internal Purge

2 min Read Time

Equity Bank has fired over 200 employees in one of Kenya’s largest internal fraud purges, after uncovering a massive Ksh1.5 billion payroll scam involving M-Pesa and fake salary accounts. The rot ran deep—spanning from junior staff to senior managers—following revelations that rogue insiders had.......

This Article is Locked!

Experience exclusive content for free! We’re unlocking all features for new members, but this access won’t last forever. Don’t miss your chance—secure your spot now!



Related Articles

Read article
Kenya Strikes Landmark Vaccine Deal with IVI, Eyes Biotech Sovereignty in Fight Against Epidemics
Banking

Kenya Strikes Landmark Vaccine Deal with IVI, Eyes Biotech Sovereignty in Fight Against Epidemics

Kenya has inked a strategic deal with the International Vaccine Institute (IVI) in a game-changing move that sets the stage for local production of life-saving...

Read article
The Return of Geoffrey Mosiria to Nairobi’s streets finds traders hiding foodstuffs in toilets
Banking

The Return of Geoffrey Mosiria to Nairobi’s streets finds traders hiding foodstuffs in toilets

In a sharp rebuke of unregulated informal commerce, Nairobi Chief Officer for Environment Geoffrey Mosiria on Wednesday, April 16, 2025, revealed that hawkers at Green...

Read article
Western banks sent billions in cash to Russia on eve of Ukraine invasion, data shows
Banking

Western banks sent billions in cash to Russia on eve of Ukraine invasion, data shows

As the Kremlin massed troops on Ukraine’s border in early 2022, and the threat of sanctions grew, wealthy Russians began flying crates of cash home...

Read article
Mbadi Unveils Sh4.24 Trillion Austerity Budget as Kenya Tightens Belt Amid Revenue Shortfalls
Banking

Mbadi Unveils Sh4.24 Trillion Austerity Budget as Kenya Tightens Belt Amid Revenue Shortfalls

Treasury Cabinet Secretary John Mbadi has fired his first fiscal salvo, unveiling a Sh4.24 trillion budget that slices deep into government spending, targeting public office...

Read article
EPRA Freezes Fuel Prices Despite Lower Landing Costs, Consumers Left in the Cold
Banking

EPRA Freezes Fuel Prices Despite Lower Landing Costs, Consumers Left in the Cold

The Energy and Petroleum Regulatory Authority (EPRA) has maintained the current fuel prices for petrol, diesel, and kerosene, dashing hopes of a price cut despite...

Read article
Kenya Under Fire Over Sh6.5 Billion E-Visa Revenues Held in Swiss Accounts
Banking

Kenya Under Fire Over Sh6.5 Billion E-Visa Revenues Held in Swiss Accounts

The Kenyan government is facing growing scrutiny following revelations that Sh6.5 billion collected through the country’s e-visa system was held in a Swiss bank account,...