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Fraud

CORRUPTION: Cornered BIFU boss Kubai gets away easily with police help

Isaiah Kubai, Secretary-General of the Banking Finance and Insurance Union (BIFU) National

The Secretary General of Banking Insurance Finance Union (BIFU) Isaiah Kubai appears to have nine lives due to his deep pockets.

Information reaching cnyakundi.com indicates that the man who has mismanaged the Union that is supposed to protect workers in the financial industry has been paying for his protection.

Some of the legal challenges that he has evaded are unbelievable and wouldn’t be possible without bribery

For example, in November 2019, Kubai admitted in court that he has been using a dead accountant’s stamp to submit financial statements to Registrar of Trade Unions since 2013.

This was after the three rightful officials of BIFU, Duncan Muthusi, Gabriel Okomo and Alphonce Were challenged his election of 2016. The three were actually elected by delegates to the positions of Secretary General, Deputy Secretary-General and Organising Secretary but Kubai refused to vacate office.

READ: Impunity: Sham elections expected at Banking Insurance Finance Union (BIFU) as Trade Unions go to polls

Kubai’s contempt for court is well known. He supplied forged documents to court. Criminal.

This is where the police case comes in. According to information received, Kubai’s illegalities was reported to the Directorate of Criminal Investigations (DCI).

The report stated that Kubai is in office illegally past the Constitutional limit (and having ‘rigged’ himself in in 2016), doesn’t maintain a proper register of officials and members, files reports about expenditures in nonexistent branch offices. In short, he is looting over Sh5million per month in member contribution from banks, Insurance firms, KRA, cooperatives etc.

READ: Time Is Up: Embattled Banking Union Boss Isaiah Kubai Loses Court Cases

The DCI forensics looked at the report and found evidence of embezzlement of funds, in which they asked Kubai to shed more light by supplying them with more documents such as bank statements, payroll etc

Kubai was cornered.

He had evaded court, and was in contempt of it, and here he was supposed to supply documents to aid in further investigations concerning the Union’s finances.

Shock on the seekers of Justice as the investigations abruptly ended after a large sum of money was withdrawn from BIFU accounts from Standard Chartered Bank of Kenya.

READ: Shock as Banking Union boss issues forged documents

Why did Kubai withdraw and carry large sacks of money from Stanchart Bank?

Who received the money?

Were detectives at DCI compromised by Isaiah Kubai?

This is a case in which Kenyans must rally around as evidenced by past articles about illegal activities at one of the most important trade unions in the country.

Financial industry players especially banks have been fingered over the perpetuation of this impunity by propping Kubai so as they can have it easy in court cases pitting them against their former employees.

READ: Shame As BIFU’s Secretary General Kubai Fights Over Bribe

Some financial industry workers, especially in banks, have been fired after the bank’s management and Kubai talked over the phone

Time is nearly up and the criminal network is about to be exposed in its entirety.

See more here.

  1. Rogue, Corrupt and Senile: The Story of Isaiah Kubai and The Banking Trade Union
  2. Dissecting BIFU: The Use Of A Dead Auditor To Approve Financial Statements – Part 3 of 3
  3. A Trade Union That Takes Kshs. 5 Million A Month From Members With Nothing To Show For It


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