Equity Bank Responds To DP Ruto’s Ksh 15M Claims, Reveals The Truth About The Ksh15M Loan Allegations

The Equity Bank of Kenya has finally released a statement refuting Deputy President William Ruto’s allegations in the Ksh 15 million loan.

The bank manager cleared the air on the matter stating that as a bank they don’t want to be associated with any form of lies.

According to the Manager, their names have been on the public domain following the second in command’s statement that he just made a phone call and the bank offered a Ksh 15m loan to Harun Aydin.

The Equity bank management, however, dismissed the claims stating that they don’t always issue loans via phone calls since they have to do all background checks.

They maintained that they will render a helping hand if the investigation authorities will require any assistance from them to safeguard the security of the nation.

“We would like to categorically state that Equity Bank or any other registered financial institution worth its name, does not issue loans via phone calls,” reads the statement in part.

“It is in the public domain that Kshs 15b is such a high figure that we can not only issue it by phone. but the collateral required for such an advance would be so intense that this bank would complete a very rigorous process of background checks and value investigations. There is no chance any such transaction would have been made by an individual least of all a foreigner,” the bank stated.

“We however remain willing to assist investigative authorities to get to the bottom of any matter that may compromise national security and the integrity of our financial systems especially where we have been wrongfully mentioned,” they added.

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    Written by Emily Odeny

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