Senator David Wakoli (Bungoma) has sought a Statement from the Standing Committee on Labour and Social Welfare regarding the status of the Equity Bank (K) Limited Employee Share Ownership Plan (ESOP) scheme.

In the Statement, the Committee should provide a list of the trustees currently managing the Equity Bank Employee Share Ownership Plan (ESOP) scheme, explaining how they were appointed; Committee should also provide an annual breakdown of the number of employees who have joined as well as those who have opted out of the ESOP scheme from 2005 to date.

Senator Murgor led Committee should also outline the terms and eligibility criteria for redemption of units held under the ESOP scheme stating the number of employees who have so far applied to redeem units held under the ESOP scheme, and indicate the amount of cash or shares received by the respective employees so far.

Further, the Committee should table financial and bank statements in respect of the ESOP scheme, indicating the total units held, accrued dividends and interest as well as all the bank transactions from 2005 to date.