Court halts StanChart’s Sh7bn pension Payout over lawyer fees dispute
NAIROBI, Kenya, Sept 24 – The High Court has issued orders stopping Standard Chartered Bank from releasing Sh7 billion in pension dues owed to 629 Kenya breaking news | Kenya news today |..
✨ Key Highlights
The High Court has halted the release of Sh7 billion in pension funds to 629 retirees of Standard Chartered Bank due to a dispute over legal fees. The injunction, issued by Justice Moses Ado, follows an application by lawyer Ruth Wanyonyi, who seeks to secure her firm's payment for representing the retirees.
- The payout of Sh7 billion to 629 retirees is on hold.
- Lawyer Ruth Wanyonyi, representing the retirees, sought the injunction to settle her legal fees.
- The dispute stems from RBAT Appeal No. 8 of 2021, where retirees successfully challenged pension claim handling.
- The order temporarily restrains the implementation of the September 12, 2025 public notice regarding the pension payout, with further directions expected on October 2, 2025.
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Court Orders Target StanChart and Ecobank; Petition Seeks Stricter Lending Laws - September 2025
The High Court has halted the release of Sh7 billion in pension funds to 629 retirees of Standard Chartered Bank due to a dispute over legal fees. The injunction was issued by Justice Moses Ado following an application by lawyer Ruth Wanyonyi. In a separate case, the High Court ordered the seizure and auction of EcoBank Kenya’s assets to recover KSh 284 million owed to the estate of former cabinet minister Mbiyu Koinange, a ruling that redefines banks’ obligations in managing estate accounts. Concurrently, a new petition has been filed in the Kenyan Parliament seeking stricter regulation of loan interest charges to combat predatory lending practices by banks, digital lenders, and shylocks.
