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Equity Bank Pursues Sh1.49bn Fraud Recovery

Equity Bank Seeks Court Recovery of Sh1.49 Billion Allegedly Diverted via Payroll and Crypto

Unverified — auto-generated summary, not yet reviewedFintech & PaymentsKenyaNov 7, 2026

Kenya's Equity Bank has turned to the courts to recover Sh1.49 billion allegedly diverted through payroll accounts and cryptocurrency, exposing systemic vulnerabilities in digital payment systems at one of East Africa's largest lenders.

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