The National Bank of Kenya (NBK) has been ordered by the Labour Court to pay three former employees Sh11.2 million compensation for wrongful termination after they were fired over their purported failure to respond to calls to avert the potential loss of Sh330 million six years ago.
Investigations at the lender had revealed that a member of staff at the bank’s ICT Department had withdrawn the money from various government related accounts and credited the same to two accounts held by NBK.
On March 16 and 17, 2013 it was established that there was a systems breach at NBK where a fraudulent batch gateway of Sh330.02 million was processed in the BankFusion Universal Banking (BFUB) system but which was averted, the court papers say.
Justice Maureen Onyango awarded Jimmy Labi and Sylvester Mutuli Sh5.69 million and Sh4.7 million respectively as compensation for 12 months gross salary.
Another ex-staffer, Joseph Karumba, is set to receive Sh800,000 as compensation for 10 months gross salary.