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Yes, we helped NGIRITA’s family and others to loot the NYS-8 banks plead guilty as they agree to pay the fine

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DAILY POST: Yes, we helped NGIRITA’s family and others to loot the NYS-8 banks plead guilty as they agree to pay the fine



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).

The Office of the Director of Public
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.
Speaking during a Plea Bargaining
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.
 “Eight banks in NYS 2 case had pleaded
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
said.
The financial institutions had been
accused of flouting regulations put in place by the regulator to guide them on
how to handle large transactions.
 “It is not an issue of enforcement or
lack of understanding.”
“It is an issue of people not following
the guidelines, deliberately.”
“How else would you make a mistake on
things you are already aware of?” CBK boss, Patrick Njoroge, posed while
addressing the press in May 2018.
 





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