The Central Bank Of Kenya governor Patrick Njoroge has refused to act on National Bank of Kenya fraud, and impunity that has shocked both customers, industry players and Kenyans in general.
The now broke bank has failed to make profits due to fraud and an ineffective management led by Wilfred Musau, who was once linked to a sex scandal- a matter now pending in court.
What has shocked Kenyans is the failure by accountability institutions and the regulator in forcing Mohammed Hassan to resign and be prosecuted over fraud that has been the order of the day at the bank.
Mohammed Hassan is not new to the world of scandals as many people have, with evidence linked him to extortion and mismanagement of the lender.
Mohammed Hassan was linked to the blue-bard aviation scandal where billions of shillings were syphoned out of the company. According to the reports, more than Ksh. 100 Billion was syphoned. Mohammed Hassan was sued over the matter but all of us know the Kenyan Justice system.
Apart from the bluebird aviation case, Mohammed Hassan was also linked to another scandal.
In perhaps the most outrageous of customer trust, greed and deceit, an innocent investor had his money defrauded by individuals and institutions that he trusted. He committed his hard-earned money to a bunch of crooks who had no good intentions with his cash. On focus is the case that we covered on this site 3 years ago between John Kungu Kiarie vs Dyer and Blair Investment Bank and Stannic Bank Kenya Limited.
In the case, that we covered, John Kungu Kiarie approached Dyer and Blair with Kshs. 100,000,000.00 (one hundred million) to invest in various stocks and securities. CFC-Stanbic Bank was the holding bank for Dyer and Blair which is not a commercial bank. Fingered in the ruling, the then General Manager of Dyer and Blair Mohammed Hassan connived their way into lying about a non-existent court order freezing the account that held the money by Mr. Kiarie.
Sadly, Mohammed Hassan is now propagating his unorthodox methods in defrauding customers at the now troubled National Bank Of Kenya.
Mohammed Hassan has become untouchable simply because the CBK governor Patrick Njoroge doesn’t care about the industry even after bribing various media houses to sing how he is genius the moment he got the job.
In his recent remarks, DCI Boss George Kinoti said that most fraud is being propagated by the bank’s own employees simply because due diligence is never carried out when giving them jobs.
The question remains: Why is Mohammed Hassan still at employment at the NBK? if Dpp cleared Munir Ahmed, who then looted and continues to loot National Bank Of Kenya?
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@example.com. Videos and pictures can be sent to +254 710 280 973 on WhatsApp, Signal and Telegram.