Court backs firing of two NCBA managers for breaching lending rule

The judge dismissed their claims and held that the restriction on borrowing imposed on bank employees was reasonable.

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The Employment and Labour Relations Court has endorsed a decision by the NCBA Bank PLC to fire two of its managers for lending own money to each other and borrowing from a bank customer.

Chilumo Kaingu (a branch manager) and Stephen Wainaina (relationship manager) were found to have breached the bank's rules and human resource policy, which prohibit staff from receiving money from a customer and engaging in any business that creates conflict of interest with the bank.

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