Sunday December 9, 2018-At least eight local banks have
admitted to having played a role in the loss of billions of taxpayers’ money at
the National Youth Service (NYS).
Prosecutions (ODPP) disclosed the affected commercial banks agreed to a
plea-bargain to avoid protracted court battles, which could seriously dent
their highly valued and guarded reputations.
workshop in Naivasha, Haji revealed the implicated banks have agreed to pay KSh
300 million fine after they pleaded guilty to facilitating corruption at NYS.
guilty and entered into plea barging agreement with his office to pay sh 300
million and one was in the process of complying with the agreement,” Haji
accused of flouting regulations put in place by the regulator to guide them on
how to handle large transactions.
lack of understanding.”
the guidelines, deliberately.”
things you are already aware of?” CBK boss, Patrick Njoroge, posed while
addressing the press in May 2018.