Connect with us

Hi, what are you looking for?

Cyprian Is Nyakundi


Court rules aspiring Nyeri County governor has a case to answer in NYS scandal

From right to left: Police officer, Peter Munyiri and others in court to answer charges of money laundering

A Nairobi court has ruled that former Family Bank CEO Peter Munyiri has a case to answer for failing to report suspicious transactions in the Ksh.791 million National Youth Service money laundering case.

Chief Magistrate Francis Andayi in his ruling said that only four suspects among the six who were charged were found with a case to answer.

 “Having analyzed the evidence before the court, I found that the prosecution has proved its case against Munyiri, second, third and fourth accused”, Andayi ruled.

Mr Munyiri, who is aspiring to be the next Nyeri County Governor, was charged alongside other six senior bank employees for not reporting suspicious bank transactions carried out by the main NYS scandal suspect Josephine Kabura.

Section 44 of the Proceeds of Crime and Anti Money Laundering Act requires that transactions of that nature be reported to the FRC immediately within seven days of activity considered to be suspicious.

Peter Munyiri: An Arrogant Bastard Who Wants A School Closed Because Of Noise.

Peter Munyiri was the linkman to the politicians and shadowy figures around NYS who would call him directly anytime they needed the looted NYS bucks withdrawn.

All these transactions were done against very crystal clear Central Bank of Kenya prudential guidelines and Peter Munyiri personally authorized them to pass through Family Bank so that the stolen funds would be shared between the involved politicians and the mob. In return, Peter Munyiri as CEO Personally received huge cash payments in brown envelopes as facilitation.

This was not the first time Peter Munyiri had been crooked. At Kenya Commercial Bank, Where he was the Deputy CEO to Martin Oduor, and before his attempts to throw out Martin Oduor exploded, He had micromanaged the Triton Scandal. In the Triton Scandal, Munyiri also received millions of shillings from the now fugitive Devani and an all-expenses-paid holiday for himself and his family in Dubai, as a Bonus. The Board at KCB was quick enough to see his schemes. They had to cut short his tenure and paved the way for Mr Joshua Oigara to clean up Peter Munyiri’s mess.



Would you like to get published on this Popular Blog? You can now email Cyprian Nyakundi any breaking news, Exposes, story ideas, human interest articles or interesting videos on: [email protected] Videos and pictures can be sent to +254 710 280 973 on WhatsApp, Signal and Telegram.



Click to comment


You May Also Like


Just weeks after its colourful re-launch on March 19, 2022, TV47 has unexpectedly halted production of formerly successful standup comedy segment “Churchill Show” for...


A woman from Marigat – a fast-growing town located in the lowlands of Baringo County is crying out for justice after she was reportedly...


On Friday, May 20, the Directorate of Criminal Investigations (DCI) described how Samuel Mugoh Muvota, who was murdered and died along Mirema Drive, picked...


The video below was submitted to by a loyal follower on Thursday, 19th May 2022, cautioning business owners around the greater Kasarani area...

Copyright © 2021 Cyprian Is Nyakundi.

%d bloggers like this: