Equity Bank has lost a bid for compensation of Sh23.4 million from security firm Wells Fargo, following the theft of Sh47 million during a cash-in-transit operation in Moyale five years ago.
Justice Fridah Mugambi said that the security and courier firm was not liable for the money heist that occurred on September 11, 2019, at Odda Airstrip in Moyale, Marsabit County.
