We did nothing wrong, say banks on NYS cash

Money being counted at a bank's teller point. Ten commercial banks under investigation for processing clients’ transactions from the National Youth Service have maintained a studious silence. PHOTO | FILE | NATION MEDIA GROUP

What you need to know:

  • Ten of Kenya’s biggest and best run banks handled the bad cash.

  • Diamond Trust Bank, which said it fulfils its prudence obligations in respect of all transactions.

  • Many banks said they could not comment on a matter under the investigation by the DCI, ODPP, National intelligence Service, Central Bank and KRA.
  • Central Bank Governor Dr Patrick Njoroge said that the theft of NYS money was aided by the banks “deliberately”.

Ten commercial banks under investigation for processing clients’ transactions from the National Youth Service have maintained a studious silence — even as Central Bank and the Directorate of Criminal Investigations (DCI) warned of consequences that could include loss of operating licences.

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