Equity seeks fraud busters to counter loss of client deposits

Equity CEO James Mwangi on January 7, 2024.

Photo credit: Photo | Lucy Wanjiru | Nation Media Group

Equity Group is hiring top fraud busters barely a month after losing millions of shillings to fraudsters, pointing to the move by Kenya’s most profitable lender to bolster its anti-scam squad.

The lender, which recently raided the Central Bank of Kenya (CBK) and PricewaterhouseCoopers (PwC) for talent to strengthen its internal controls, is taking a step further with the fresh hiring of at least eight key people to beef up its fraud detection and prevention team.

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