Independent · Self-funded · Non-political · Since 2010
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Banking institutional matters as well as other financial services
An Absa credit manager has told the Mombasa High Court he received M-Pesa payments from a borrower's director, but denied any bribe or leak. He also said an internal investigation found no wrongdoing by him or other employees.
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Former Absa chief starts today at a lender whose profit is growing, but whose Kenyan earnings have stalled
In a Further Witness Statement dated 28 July 2023, the company's director, David Omusala Abai, says bank officials leaked the company's financial details to its suppliers and customers.
A former branch manager, her assistant, and a third suspect were charged with 68 counts of theft, forgery, and money laundering after allegedly siphoning Sh149 million from a customer's account through fabricated instruction letters, fictitious withdrawal slips, and fraudulent emails over five years
The judgment has helped settle the parameters of Article 46 and made it clear that consumer rights are constitutional rights, not merely contractual ones. A service provider therefore cannot hide behind a contract to escape constitutional and statutory consumer protection. This is an important principle for COFEK and consumer protection generally
The victim was defrauded of a total of Sh275,500 between September 9 and 10, 2026, after being induced by false pretences to transfer funds from her M-PESA account to a DTB paybill (Paybill Number 516600, Account Number 5689225002).
High Court stated that bank's duty to protect a customer's account does not end when the fraud begins — it begins when the bank is told!
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