{"id":82000,"date":"2025-07-13T18:13:55","date_gmt":"2025-07-13T18:13:55","guid":{"rendered":"https:\/\/www.africa-press.net\/gambia\/uncategorized\/equity-group-expands-anti-fraud-drive-to-uganda"},"modified":"2025-07-13T18:30:38","modified_gmt":"2025-07-13T18:30:38","slug":"equity-group-expands-anti-fraud-drive-to-uganda","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/gambia\/all-news\/equity-group-expands-anti-fraud-drive-to-uganda","title":{"rendered":"Equity Group Expands Anti-Fraud Drive to Uganda"},"content":{"rendered":"

Africa-Press – Gambia. <\/strong><\/span>Equity Group, Kenya\u2019s second-largest lender by assets, has expanded its internal disciplinary efforts to Uganda, following the dismissal of more than 1,500 Kenyan staff two months ago over alleged involvement in fraudulent and suspicious activities.<\/b><\/p>\n

In Uganda, Equity Bank has initiated a \u201cculture of accountability\u201d campaign part of a broader group-wide effort to reinforce internal controls, uphold ethical standards, and eliminate conflicts of interest. According to Equity Bank Uganda Managing Director Gift Shoko, the initiative isn\u2019t tied to any specific incident but aligns with the bank\u2019s ongoing strategy to enhance governance throughout its operations.<\/p>\n

\u201cWe\u2019re conducting routine audits, evaluating staff performance, and scrutinizing areas prone to conflict of interest and fraud,\u201d Shoko stated. \u201cThe goal isn\u2019t to punish, but to guide our team and establish clear standards. However, when trust is compromised, we won\u2019t hesitate to act accordingly.\u201d<\/p>\n

Shoko noted that the bank is implementing enhanced whistleblower safeguards, ethics training programs, and backend risk monitoring tools such as AI-driven analytics designed to detect irregular transactions. \u201cWe\u2019re scrutinizing every disbursement and tracking its destination,\u201d he said. \u201cWhat unfolded in Kenya was alarming, and we\u2019re committed to full transparency.\u201d<\/p>\n

The \u201cshock\u201d refers to Equity Bank\u2019s extensive anti-fraud crackdown in Kenya, where internal probes revealed deep-rooted collusion between employees and external fraudsters. Investigators estimate that over $15 million was siphoned off through suspicious transactions in the past two years, with portions reportedly funneled into offshore accounts.<\/p>\n

Equity Group CEO James Mwangi stated that several employees were terminated due to connections with questionable M-PESA and bank transactions, regardless of the transaction size.<\/p>\n

\u201cThis is not a toll station,\u201d Mwangi remarked in May. \u201cIf you\u2019ve ever taken a piece of Mama Mboga\u2019s chicken, your time is up.\u201d<\/p>\n

The clean-up, launched in May, has evolved into one of the most assertive anti-fraud drives in Kenya\u2019s banking sector. Mwangi has pledged to extend the initiative across all seven of Equity Group\u2019s markets including Uganda, Rwanda, Tanzania, South Sudan, and the DRC.<\/p>\n

Shoko noted that Uganda is currently undergoing a similar process, supported by external auditors and legal experts. \u201cAll implicated employees are being afforded a fair opportunity to present their side. While some have done so, others have not\u2014and disciplinary actions are now in progress,\u201d he explained.<\/p>\n

He added that the process is anticipated to conclude by the end of July.<\/p>\n

Originally a modest building society in Kenya, Equity has expanded into one of Africa\u2019s largest banks with a capitalization of $1.3 billion (KES180 billion), primarily serving low-income clients with affordable services. However, this growth and the swift transition to digital banking have introduced fresh vulnerabilities, particularly within internal systems and employee conduct.<\/p>\n

For More News And Analysis About Gambia<\/span> Follow Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Gambia. Equity Group, Kenya\u2019s second-largest lender by assets, has expanded its internal disciplinary efforts to Uganda, following the dismissal of more than 1,500 Kenyan staff two months ago over alleged involvement in fraudulent and suspicious activities. In Uganda, Equity Bank has initiated a \u201cculture of accountability\u201d campaign part of a broader group-wide effort […]<\/p>\n","protected":false},"author":84,"featured_media":81999,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,9],"tags":[260],"class_list":["post-82000","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-miscellaneous","tag-gambia"],"yoast_head":"\nEquity Group Expands Anti-Fraud Drive to Uganda - Gambia<\/title>\n<meta name=\"description\" content=\"Equity Group, Kenya\u2019s second-largest lender by assets, has expanded its internal disciplinary efforts to Uganda, foll ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/gambia\/all-news\/equity-group-expands-anti-fraud-drive-to-uganda\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Equity Group Expands Anti-Fraud Drive to Uganda\" \/>\n<meta property=\"og:description\" content=\"Equity Group, Kenya\u2019s second-largest lender by assets, has expanded its internal disciplinary efforts to Uganda, foll ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/gambia\/all-news\/equity-group-expands-anti-fraud-drive-to-uganda\" \/>\n<meta property=\"og:site_name\" content=\"Gambia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2025-07-13T18:13:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-07-13T18:30:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/gambia\/sites\/19\/2025\/07\/sm_1752418733.328913.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/equity-group-expands-anti-fraud-drive-to-uganda#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/equity-group-expands-anti-fraud-drive-to-uganda\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Equity Group Expands Anti-Fraud Drive to Uganda\",\"datePublished\":\"2025-07-13T18:13:55+00:00\",\"dateModified\":\"2025-07-13T18:30:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/equity-group-expands-anti-fraud-drive-to-uganda\"},\"wordCount\":467,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/equity-group-expands-anti-fraud-drive-to-uganda#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/gambia\/sites\/19\/2025\/07\/sm_1752418733.328913.jpg\",\"keywords\":[\"Gambia\"],\"articleSection\":[\"all news\",\"miscellaneous\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/gambia\/all-news\/equity-group-expands-anti-fraud-drive-to-uganda#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/equity-group-expands-anti-fraud-drive-to-uganda\",\"url\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/equity-group-expands-anti-fraud-drive-to-uganda\",\"name\":\"Equity Group Expands Anti-Fraud Drive to Uganda - 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