Banking & Technology News

Court Halts Arrest of Stanbic CEO in $7.2 Million Aviation Dispute

The High Court in Nairobi has stopped the arrest and questioning of Joshua Oigara, CEO of Stanbic Bank, alongside other staff, over a financial dispute with Air Afrik Aviation Ltd. This case revolves around a transaction from 2016, where Stanbic’s South Sudan branch mistakenly credited Air Afrik’s account with $7.2 million (approximately KES 930 million). […]

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