Ecobank to pay Koinange’s family Sh284m

An Ecobank branch in Thika town. 

Photo credit: File | Nation Media Group

The High Court has ordered Ecobank to pay the family of former Cabinet minister Mbiyu Koinange Sh284 million, which was illegally withdrawn from his estate’s account by some of the lawyers involved in the succession case.

Justice Erick Ogolla found the bank had treated the account casually and negligently by allowing the withdrawals, contrary to a court order issued in 2011 stopping the disbursement of the amount.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.