Cyprian Nyakundi has exposed a deepening scandal at Stanbic Bank Kenya, where employees have raised serious allegations against Elizabeth Wairimu Mbugua, a senior official in the institution.
Through an email escalation sent to multiple internal and external recipients, employees accuse Mbugua of corruption, favoritism, workplace bullying, and tribal discrimination.
The whistleblowers claim she has created a toxic environment, targeting employees with intimidation and hostility, especially those who previously raised complaints against her.
According to the leaked email, Mbugua is actively sidelining debt collection firms linked to Luo and Western Kenya communities while favoring those from her own ethnic background.
Employees allege she has vested interests in Collection Africa Limited, a firm she is pushing to dominate Stanbic’s external debt collection services. The email states that she is working to fire firms she cannot control and replace them with those willing to engage in corrupt dealings with her.
The allegations go further, with employees claiming that Mbugua has been diverting departmental bonus allocations to herself and her close allies. This has reportedly demoralized staff, many of whom now fear for their job security.
Employees claim that she is being protected by influential figures within the bank, including a senior official identified as “Mushai,” making it difficult for any internal action to be taken against her.
Nyakundi’s exposé reveals that since the complaints surfaced, Mbugua has been closely monitoring employees with suspicion, creating further tension in the workplace.
Employees say she has been threatening those she believes are behind the email and has openly stated that she is untouchable.
The whistleblowers warn that if Stanbic Bank fails to act, they will escalate the issue further, taking their grievances to Parliament, the Judiciary, and even the Office of the President.
The leaked email, widely circulated within and outside the bank, expresses frustration over the institution’s inaction. Employees claim that even the HR department fears Mbugua, which is why no investigations have been carried out despite repeated complaints.
The email warns that the bank’s reputation is at risk and suggests that if Mbugua remains in her position, employees and external partners may take matters into their own hands.
Cyprian Nyakundi, known for exposing corporate scandals, has amplified the voices of the aggrieved employees, increasing pressure on Stanbic Bank to respond.
The situation remains volatile, with employees warning that further action will be taken if their grievances are ignored.
