The Kenya Commercial Bank CEO Joshua Oigara is yet to fire managers that have recently been linked to money laundering and fraud, we can independently confirm.
The bank has featured in entirely all scandals ranging from the national Youth Service Saga to the looting of county governments. According to detectives, the bank has become of interest in almost all scandals that have rocked the nation.
The central bank of Kenya fined the bank the highest in NYS money laundering as the Director of Public prosecutions promised to charge the various bankers that were linked to the Saga.
The KCB Never flagged any suspicious transactions. According to detective reports, the bank allowed fishy individuals to open accounts they used to launder money. The Ngiritas had accounts at the KCB. Individuals would deposit money in the morning and withdraw a few moments later, a classic case of money laundering aided by the money laundering bank.
In his defence to the CBK, Joshua Oigara insisted that they were not at fault, hence shielding the bank officials that laundered the NYS proceeds of crime. The CEO has also mobilized other bankers to wage a war against the CBK governor Patrick Njoroge as revealed a few days ago on this blog.
In the recent past, the Kenya Commercial Bank has featured in the Migori county money laundering saga and the Wajir county money laundering scandals.
In the Migori KCB branch, the manager allowed county officials to open fictitious accounts they used to syphone billions, a scandal currently being investigated by the Ethics and Anti-Corruption Commission.
The Wajir KCB Bank branch manager was released on a Ksh. 1 Million cash bail after he aided a Ksh. 29 Million money laundering scam carried out by the Wajir county officials.
He has surrended to the EACC after going underground for many days. His house was raided by the officials two times.
Up to this moment, the bank is yet to fire officials mentioned in NYS sagas and money laundering in relation to counties.
The KCB CEO Joshua Oigara is not new to money laundering since he has been linked to a Weston Hotel Loan saga and also the South-Sudan money laundering for helping the war-torn countrie’s military leaders and elites launder money into the Kenyan real estate sector.
A few days ago, an NGO requested the DPP Noordin Haji to order for an investigation and eventual arrest and prosecution of Oigara over fraud and money laundering. A source from the DPPs office confirmed that the matter is being handled with the urgency it deserves and Oigara will be arrested very soon.
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