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How Stanbic Bank Lost Millions After A Teller Fainted

Stanbic Bank based at Kenyatta Avenue has lost millions of shillings after their teller fainted. According to KTN News, A customer walked into the bank and deposited 650,000, and a teller mistakenly, banked 6.5million before fainting. The money was later withdrawn in Mombasa. The events sum up the bizarre proceedings that led to the sacking of a Stanbic Bank teller who was last week awarded Sh870,738 for unfair dismissal.

However the high court of Kenya ruled that Stanbic was very wrong to sack Jennifer Mwende Kiwanza, despite her costing the bank a loss of 5. 71 million.(courtesy of Ktn News).

Nelly Njeru was the teller who fainted and led to the sacking of Jennifer. The event costed the bank 5.71 million and despite Njeru being rushed to hospital, all the blames were on Jennifer. The bank dismissed Kiwanza arguing that she did not practice due care, however Stanbic failed to produce evidence that the transaction should have been authorised by the branch manager or assistant branch manager.

This made the bank manager, Jennifer Kiwanza to win the case, and was rewarded 870,738 for unfair dismissal. That is how Stanbic Bank lost millions of shillings after their teller fainted.

Content created and supplied by: Raynewsroom (via Opera News )

Jennifer Kenyatta Avenue Kiwanza Nelly Njeru Stanbic Bank

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