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Equity issues sack notices to 1,200 staff in a single day
Equity Group Managing Director and CEO James Mwangi during an interview at his office following the bank’s investor briefing and release of Q1 2025 financial results at the Equity Centre in Upper Hill, Nairobi, on May 29, 2025.
Photo credit: Wilfred Nyangaresi | Nation Media Group
Equity Group on Wednesday issued sacking notices to 1,200 staff in the wake of an internal investigation that revealed suspicious transactions through the employees’ bank and M-Pesa accounts, deepening the job cuts that started mid-May.
The termination notices follow investigations that kicked off on April 14, as the bank seeks to curb cases of conflict of interest among its staff.
