A consumer lobby group, Cofek, has initiated legal proceedings to remove the receiver managers appointed by Equity Bank over a significant debt owed by Transcentury PLC.

• Cofek accuses the receiver managers, George Weru and Muniu Thoithi, of prioritizing Equity Bank's interests over those of the government regarding tax arrears amounting to Sh6 billion.
• The case centres on the management of Transcentury PLC and its handling of substantial tax liabilities.
• Cofek is seeking the ouster of the receiver managers to ensure a fairer resolution of the debt and tax issues.