The High Court has dismissed a Sh1.1 billion claim against Ecobank Kenya by four individuals locked in a fight for control of payments solutions provider Kiwipay, exonerating the lender of negligence.
Three Kenyans – Stephen Maina Njenga, Felix Rantuu Lekishe and Solomon Joseph Maina – and Laos national Monthida Rashi sued Ecobank in 2022 claiming that the lender had allowed illegal withdrawal of over Sh1 billion from Kiwipay’s local subsidiary.
