NCBA Bank manager in court over theft of Sh52 Million from the financial institution.

NCBA Bank manager in court over theft of Sh52 Million from the financial institution.

An operations manager at NCBA’s Kisii branch, was charged in Kisii court with 134 criminal charges.

Philip Rotich Kiprono allegedly siphoned Sh52,404,084.95 from the bank on diverse dates between December 13, 2022, and October 10, 2024, while serving in his managerial capacity at the Kisii branch.

He was charged with multiple offences, including theft by servant, acquisition of proceeds of crime, possession and use of proceeds of crime, as well as forgery and uttering false documents.
The offences are said to contravene provisions of the Penal Code and the Proceeds of Crime and Anti-Money Laundering Act, 2009.

He pleaded not guilty to all charges before Senior Principal Magistrate Benard Obae Omwansa.

Prosecution, led by Senior Assistant Director of Public Prosecutions (SADPP) Solomon Njeru, persuaded the court to grant the accused person stringent bond terms, considering that the money involved is huge.

The Court will rule on bond terms on October 9, 2025, while the pre-trial is scheduled on October 16, 2025.

The accused person is remanded at Kisii prison.