Ecobank gets reprieve in Sh840m Mbiyu Koinange estate dispute

An Ecobank branch in Thika town. 

Photo credit: File | Nation Media Group

The Court of Appeal has temporarily shielded Ecobank Kenya from paying Sh840 million to the estate of former Cabinet Minister Mbiyu Koinange, pending the determination of its appeal against a High Court order.

In a ruling delivered by a three-bench, the appellate court found that Ecobank’s appeal raised arguable legal questions and that forcing immediate payout risked rendering the appeal futile.

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