Former Equity Bank GM Seeks Over Ksh 133 Million for Wrongful Sack
Kevin Namunwa  |  Sep 23, 2020


p>Top lender Equity Bank’s former employee is seeking more than Ksh 132.7 million in terminal dues for an alleged irregular dismissal.

Joseph Macharia Kagicha, who was the general manager of Agency Banking at Equity Bank was sacked one and a half months ago. He now accuses his former employer of discriminating against him.

Lawyer Titus Koceyo urged Lady Justice Maureen Onyango of the Employment and Labour Relations Court to compel the lender to pay Mr Kagicha Sh10 million for discrimination, psychological and mental torture.

Justice Onyango of the Employment and Labour Relations Court (ELRC) has given the bank 21 days to respond to the allegations raised by its former GM failure to which a judgement will be entered based on the evidence tabled by Mr Koceyo.

The former Equity GM is also asking the court to compel the lender to pay him Ksh 113,580,000 being loss of opportunity for the remaining period before attaining the retirement age of 60.

The career banker has urged the workers’ court to compel his former employer to pay him Sh1,577,500 being withheld salaries when he was on suspension between March and July 2020.

He is also seeking 12-month compensation for unfair loss of employment at Sh7,572,000.

He claims that he was sacked based on recommendations of a preliminary of a compliance report which was never returned to him for his final response and input as the GM on agency banking.

Mr Kagicha states that on October 2019 the bank’s compliance department purported to carry out a “compliance check in the Agency Banking Department then prepared a report that was shared between him and the General Manager Shared Services then respond to issues raised by January 20 2020.”