News making rounds in newspapers after the equity bank executive director of commercial banking stepped down from the banks’ duties, Mr. Kenneth Onyango.
Equity Bank’s Executive Director of Commercial Banking, Mr. Kenneth Onyango, has stepped down from his duties amid mounting concerns over financial discrepancies within the institution. Onyango, who boasts a decade-long tenure with the bank, ascended to his position after demonstrating exceptional leadership and expertise in various senior roles.
The bank has been rocked by allegations of financial mismanagement, with reports indicating losses totaling a staggering sixty-five billion (65B) units of currency. These concerns have placed Onyango at the center of scrutiny, prompting his decision to relinquish his responsibilities.
In response to the crisis, Equity Bank has initiated a thorough investigation spanning across its departments. Mr. Julius Musiime, Head of Agency Banking, has been a focal point of the inquiry and was apprehended for questioning at Wandegeya Police Station since Thursday, 14th March 2024.
The fallout from the scandal has reverberated throughout Equity Bank’s branches, with numerous staff members being implicated in the alleged racketeering. Authorities continue to pursue leads, with several clients suspected of involvement still evading capture.
In the midst of these developments, Equity Bank remains committed to serving its clients and upholding its reputation. The institution’s innovative products, such as Eazzy Stock, continue to offer businesses valuable opportunities for growth and financial empowerment. Launched in June 2023, Eazzy Stock represents a digital credit solution aimed at unlocking the potential value of goods and facilitating access to essential capital for expansion.
As the investigation unfolds, stakeholders await further updates on the situation at Equity Bank, with the hope of restoring trust and accountability within the institution.
I am often to blogging and i really appreciate your content. The article has really peaks my interest. I am going to bookmark your site and keep checking for new information.
I went over this website and I believe you have a lot of great info , saved to bookmarks (:.
I’m impressed, I have to say. Really not often do I encounter a weblog that’s each educative and entertaining, and let me inform you, you might have hit the nail on the head. Your concept is excellent; the problem is something that not enough individuals are talking intelligently about. I am very joyful that I stumbled across this in my search for something relating to this.