Kenyan banks cornered as floodgate of lawsuits open on legality of charges

Ms Rose Wanjiru has sued her bank, Standard Chartered, for deductions on her account. [PHOTO: FILE /STANDARD]

NAIROBI, KENYA: Bank managers are clutching on their calculators wondering what loads of cash will move out of their vaults. This is if the industry loses in a suit filed in court challenging legality of various charges levied on bank customers without authority from the National Treasury.

This follows one bank customer’s move to sue her bank, Standard Chartered, for deductions on her account. Ms Rose Wanjiru, through a newspaper advertisement, has invited the public to be enjoined in the suit as interested parties. A call centre has been set up to deal with all queries from those interested.