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Incompetent Kenya Bankers Association Defends Rogue ABC Bank

CAPTION: ABC Bank Group Managing Director, Shamaz Savani (Left) and Habil Olaka, CEO of Kenya Bankers Association

Kenya Bankers Association (KBA) has now come out to defend African Banking Corporation (ABC) Bank from allegations of money laundering and other financial crimes.

This same KBA that prides itself as the leading advocacy group and the umbrella body of the institutions licenced and regulated by the Central Bank of Kenya (CBK), is the same one that regulated Euro Bank, Imperial Bank and Chase Banks which have actually sank with Kenyans money.

National Bank of Kenya (NBK) is also a member of KBA yet the looting and running down of this institution is ongoing.

What makes KBA think that is has the right to defend rogue banks?

What is the interest of KBA in defending ABC Bank?; a bank that is going the Imperial Bank way

KBA is not CBK

KBA says that it continues to reinforce a reputable and professional banking sector in a bid to best support Kenyans, who entrust their ambitions and hard-earned resources with its member banks, yet this incompetent institution has oversaw the fall of Imperial and chase banks.

What professionalism?

It seems KBA enjoys the loot from these rogue banks.

Corrupt: Kenya Bankers Association logo (Left) and African Banking Corporation Logo

This is the truth

KBA doesn’t audit banks and therefore knows nothing about their thefts. Chase bank were members. Imperial bank were members.

Did KBA warn the public that they were going under?

We have exposed many scandals before.

NBK and Housing Finance (HFK) are currently struggling; showing that that all our exposés have turned to be true.

Where was KBA?

These wankers at KBA led by their CEO Habil Olaka should spare Kenyans the mediocrity

All they do these days when corruption is thriving and banks are receiving and laundering illicit money is to drink whisky at the thieving Barclays Bank of Kenyan (BBK) while wananchi are being ripped-off.

No one cares about mwananchi.

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