Cooperative bank Archives

Skewed and influenced ruling? How Co-op Bank played dirty games in court and why appeal Judge want the ruling reversed

2Nov

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Court

Skewed and influenced ruling? How Co-op Bank played dirty games in court and why appeal Judge want the ruling reversed

Recently, revelations have surfaced regarding the Co-operative Bank of Kenya’s questionable treatment of 169 former employees who were downsized years ago. The bank allegedly employed dubious strategies during legal proceedings to prevent the applicants from appealing a verdict that favored the bank. These terminated employees are now seeking compensation exceeding Sh 800 million for their alleged wrongful dismissal. Subsequently, their employer purportedly recruited new talent, including individuals from the families of senior executives and board members. Judge of Appeal Asike Makhandia has taken action by instructing Co-operative Bank to furnish the applicants with the court transcripts that influenced the decision made on February 9, 2023. “The judgment was issued on February ...

SCANDAL: Cooperative bank on the verge of collapse as it’s financial fraud spree revealed, keep off the Bank, Kenyans urged

1Sep

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News

SCANDAL: Cooperative bank on the verge of collapse as it’s financial fraud spree revealed, keep off the Bank, Kenyans urged

To compound her woes, the woman discovered that on her other account, CoopBank claimed she had a bank overdraft of Ksh 32,143. These bewildering developments left her with no choice but to issue a public plea, echoing Andrew Kibe’s warning and urging fellow Kenyans to exercise caution and reconsider their banking choices. A Kenyan Woman has detailed how Cooperative bank is continuing to steal from Kenyans and adviced those addicted with the bank to take a bold move and quit. This comes even as an NGO filed a case in court seeking the removal of the banks CEO Gideon Muriuki over gross misconduct. In light of these unsettling occurrences, it is evident that there are pressing concerns surrounding CoopBank Kenya. Andrew Kibe’s advice serves as a cautionary tale, emphasizing the need ...

JUST IN: Cooperative bank CEO Gideon Muriuki on the verge of losing his position as firm accuses him harrasing public officers, gross misconduct , violation of the law and engineering Cooperative bank shares loss

3Jul

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Investigations, News

JUST IN: Cooperative bank CEO Gideon Muriuki on the verge of losing his position as firm accuses him harrasing public officers, gross misconduct , violation of the law and engineering Cooperative bank shares loss

According To Some Of The Documents In Our Possession, One Of A Well Known Firm In Kenya, The Orion East Africa Ltd Is Seeking For The Removal Of Cooperative Bank Of Kenya Chief Executive Officer Gideon Muriki From Office, Some Local Publications Have Reported. The Firm Says In It’s Application Filed Before The Court That Muriuki Has Refused To Comply With A Court Directive Requiring Him To Present Himself To Court For Cross Examination Over An Order. The Supplier Of Chemicals Further Says Muriuki Has Never Bothered To Offer Any Explanation For His Refusal To Comply With Lawful Court Orders. For That Matter, The Co-Op Bank CEO Should Be Found Guilty Of Gross Misconduct, Insufferable Bullying Of State Officers And Violation Of Valid Court Orders And, Therefore, Unfit To Hold The Of...

EXPOSED: cooperative bank in suspicious acquisition of troubled jamii bora bank

27Mar

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News

EXPOSED: cooperative bank in suspicious acquisition of troubled jamii bora bank

Alot of details have emerged on how Cooperative bank is plotting to illegally take over the non-performing Jamii Bora Bank gains pace, analysts are worried about due diligence done by Cooperative Bank which has in the past been hit by cases of fraud perpetrated by bank employees who work in cahoots with external persons to obtain money from the bank. The Gideon Muriuki led Bank is on the spot as having weaknesses in its IT systems, which was attributed to sources within the bank. Co-operative Bank has reported erratic systems of poor quality and that explains for instance the constant system hitches. “The former bank chairman’s sons are said to have supplied IT systems to the bank. The same family have also been rumoured to be supplying and tendering with the ba...

Lady Cries Foul After Cooperative Bank Illegally Removed Kshs.1.5M From Her Late Father’s Account

27Dec

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News

Lady Cries Foul After Cooperative Bank Illegally Removed Kshs.1.5M From Her Late Father’s Account

In the recent past, several Kenyans have been complaining about frauds they have experienced while dealing with various banks. Well, Cooperative Bank of Kenya is not new to such scandals. Or is it? In what seems to be another big scandal to have been recently reported, Cooperative Bank has left Kenyans’ tongues wagging after sweeping clean an account belonging to one of their clients. A lady identified as Diana Gachanja has taken to social media to cry foul after the Gideon Muriuki-led bank illegally removed Kshs. 1.5 million from her late father’s account. The lady who is now crying for help says the bank has been taken her round in circles while trying to follow up on the issue. The evidence shared by the lady shows that the bank has clearly refused to take responsibility on ...

EXCLUSIVE, CO-OP BANK OFFICIALS RISK JAIL TERM OVER CONTEMPT OF COURT

18Jan

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Court

EXCLUSIVE, CO-OP BANK OFFICIALS RISK JAIL TERM OVER CONTEMPT OF COURT

CO-OP BANK OFFICIALS RISK JAIL TERM OVER CONTEMPT OF COURT Some Co-operative Bank managers risk being jailed for disobedience of court orders issued on 30th December 2021 in regards to the administration of an estate of a deceased person. George Ndegwa who is the appointed administrator of Ad ColliGenda Bona (“the Grant”) wants Co-operative Bank Jeremiah Nyalala (A. S. O) and Service Manager Elizabeth Karinga based at Stima Plaza branch be jailed for six months or fined Sh 200,000 each for abuse of court. “I urged the court to punish the two officials to prevent further abuse of the court process by citing them for contempt,” Ndegwa submitted. Through lawyer Mwangi Mburu, Ndegwa says the two bank officials deliberately disobeyed court orders issued o...