Equity Bank's appeal on award given to client gets nod

Equity Bank was sued by Westlink Mbo Limited on claims that the lender's employees, named as Peter Njuguna and Martin Njau, received Sh27 million from a client by the name Elina Zablon Tai but allegedly failed to credit the firm's accounts PHOTO: COURTESY

The Court of Appeal has allowed a case filed by Equity Bank after it was punished for alleged employee’s fraud.

The lender had filed an appeal after it was slapped with Sh39 million penalty by the High Court. However, Court of Appeal judges Asike Makhandia, Kathurima M'noti and William Ouko found that the lower court did not consider the lender's defence before making its final verdict.