@BdAfrica

DPP orders probe on top banks over NYS scam - 10 months ago, 13 June 22:19

Edwin Mutai

The Director of Public Prosecutions (DPP) has ordered the banking sector regulator, criminal investigations department and the spy agency to probe 10 banks that handled millions of shillings that were siphonedout of the National Youth Service (NYS) and the Sh1.5 billion proceeds of Ruaraka land compensation.

Noordin Haji, the DPP, told Parliament that a team comprising officials from the Central Bank of Kenya (CBK), the Directorate of Criminal Investigations (DCI) and the National Intelligence Service (NIS) has been put together to probe and track Sh250 million that was withdrawn within three days from a bank that transacted part of the Sh1.5 billion Ruaraka land sale.

He said the team will also investigate how Sh100 million was withdrawn within two days on the Sh8 billion NYS scandal.

“It is alarming that banks seem to be colluding with corrupt individuals and that a huge sum of money is being withdrawn without being brought to the ...
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