The Concern Citizens Kenya announced that on Monday the 10th of December, they would hold a press conference and spill all the beans on troubled KCB CEO Joshua Oigara. The group has been pushing for the resignation of Mr Oigara over his involvement in various scandals during his tenure as KCB CEO.
True to their word, the group held their conference on Monday morning. In the conference that was covered LIVE by your most credible blog CNYAKUNDI.COM, they highlighted some of Oigara’s scandals at KCB as well as released Oigara’s bank statements to the public.
The lobby group led by the fierce Bradley Ouna was also accompanied by several human rights groups supporting the same cause.
Part of the matters the group raised awareness on, was Oigara’s involvement in the unlawful issuance of loans to Ruto linked Weston Hotel where he approved a Ksh. 1.2 billion loan without following due diligence. The group argued that such big loans could not be issued out without the official approval of the bank’s CEO and Group M.D, which would therefore put Oigara at the center stage of the scandal that cost tax payers a lot of money.
Despite the group having sent a media invite to all Kenyan media houses, only a handful showed up with the rest ignoring the conference since it criticizes the Kenya Commercial Bank and its managers and they would risk losing advertising deals with the bank as a consequence of covering the lobby groups.
To back-up their cause, the group has provided mountains of evidence including statements belonging to Oigara. at the same time Weston was given the scandalous loans. According to insiders, Oigara’s account was used for money laundering
Under siege, Oigara has refused to resign as EACC, DCI and ODPP remain mute with reports that the KCB CEO has pocketed all these institutions using the bank’s deep financial muscles.
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