Kenyans on the twitter (KOT) have this morning raised concerns that Central Bank of Kenya officials who colluded with NYS suspects to loot public money are yet to be held accountable for the loss of over sh25 billion NYS scandal.
When he appeared before PAC, the CBK governor Dr. Patrick Njoroge spuriously defended the Central Bank and sought to lay blame elsewhere, though MPs demanded he takes a share of responsibility for the scam.
Unknown to many, it is at the Central Bank where LPOs would be exaggerated making the NYS suspects continually withdraw funds from a number of commercial banks sometimes using the same LPO.
The CBK is being accused of covering up the officials who facilitated the scam, despite other government officials being charged in courts of law.
This is however not the first time that CBK is getting away with public malfeasance. In the collapse of Imperial Bank, CBK officials were reported to have looked the other way even when it was clear the lender was undertaking illegal insider trading which led to the loss of billions of shillings by the Kenyan public who had deposited in the Bank.
The post Kenyans on Twitter question role of Central Bank in NYS Scam appeared first on Kenya Today.
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