A senior banker who was fired from Equity Bank less than two months ago has now sued to get Sh. 132.7 million from the lender. The former Equity manager Mr. Joseph Macharia Kagicha was general manager (GM) Agency Banking. He has sued Equity Bank Kenya Limited over what he terms as wrongful and discriminatory sacking.
According to report, Kagicha’s Lawyer Titus Koceyo asked the Employment and Labour Relations Court to compel Equity to pay Kagicha Sh. 10 million for discrimination, psychological and mental torture. The former Equity manager further asked the court to compel Equity to pay him Sh. 113,580,000 being loss of opportunity for the remaining period before attaining the retirement age of 60.
He also asked that Equity pays him Sh. 1,577,500 being withheld salaries when he was on suspension between March and July 2020. Kagicha also sought 12-month compensation for unfair loss of employment which he quoted at Sh. 7,572,000.
In response, Lady Justice Maureen Onyango of Employment and Labour Relations Court (ELRC) gave Equity Bank 21 days to respond to the allegations, failure to which a judgement will be entered based on the evidence tabled by Kagicha.
“In the evidence presented to the ELRC, Mr Koceyo states that “no valid legal reasons were presented to the claimant before he was sacked.” Mr Kagicha who joined the bank on April 8, 2011 then promoted to be the GM agency banking due to his good performance making the department’s returns highest. He claims that he was sacked based on recommendations of a preliminary of a compliance report which was never returned to him for his final response and input as the GM on agency banking,” a report on the case by the former Equity manager said.