Ecobank Group Chief Executive Officer Jeremy Awori a former Managing Director of Absa Kenya and two other senior officials of the Ecobank risk being jailed for contempt of court over Sh1.6 billion case
A city firm has been allowed to commence contempt of court proceedings against the new Ecobank group boss, the bank’s director of commerce banking Samuel Odhiambo and the bank’s Muthangari Branch Manager, Eva Schumatez Anyango for violating orders issues by the court on November 17, 2022.
Judge Dorah Chepkwony of the High Court Commercial Division further issued summons against the three officials of the bank to appear in court in person to explain why they should not be cited for contempt of court for disobeying the orders not to allow Kiwipay Kenya Limited and Kiwi PTE Limited, a New Zealand-based payment solution provider firm to withdraw $13, 473,110 or Sh1.65 billion held in three accounts domiciled at Ecobank.
The orders were issued after Avistia S.R.O Limited filed a law suit accusing Ecobank of failure to comply with orders preventing any withdrawal of the funds in the accounts held by Kiwipay.
It is said that Kiwipay with the illegal help of the hank has since made four withdrawals of $9,554,996 (Sh1,170,009,260)