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Peter Munyiri: NYS Scandal Masterminder who almost collapsed Family Bank wants to be Nyeri County governor

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

Peter Maina Munyiri, the man who swindled Family Bank through the National Youth Service (NYS) scam is pouring money on Public Relations campaign because he wants to be Nyeri County Governor.

Sources tell this blog that Wamunyiri as he often likes to call himself is using the resources looted from the bank and NYS kickbacks to do this.

The former banker whose meteoric rise to the top was cut shot by the scandal and an embarrassing sacking is not holding anything back as he seeks to gun for the top post in the land of hills.

The former bank boss is faced several criminal charges before the Milimani chief magistrate court for money laundering relating to Sh1.6 million of NYS phase I scandal.

Despite aiding in money laundering against the law, Mr Munyiri now wants to escape justice by joining politics. Because in Kenya, when one joins politics he/she becomes immune to prosecution.

Munyiri, alongside six others who have all been sacked by Family bank, including KTDA Branch Manager Robert Oscar Nyaga, was charged for the offence linked to the National Youth Service scandal.

Nine counts, including failure to report unusual transactions carried out by the chief suspect Josephine Kabura Irungu’s three bank accounts, were brought before the seven. They are each out on a Sh1 million bond or Sh300,000 cash bail.

He sued Family Bank in 2019 and got awarded Sh31 million by the Employment and Labour Relations Court.

Former Family Bank Managing director Peter Munyiri Maina before Milimani Chief Magistrate Court. This guy stole from NYS through Family Bank, then went on to sue the bank for Sh 30.655,800.00 over unfair withholding of his dues.

Arrogant man

In August 2016, this blog revealed how the now rich-from-looting banker moved to Karen and wanted a local school closed because of what was termed as noise pollution.

The quick and easy money of NYS scandals had made his head bigger, he wanted the St Elizabeth Academy – Karen Limited shut down.

He also hanged more in Karen and wanted to play golf. Nobody wanted to play with him.

He had become a golf player, a sport many chokoraas start loving after looting public resources.

In the NYS schemes, no significant corruption can occur in this country without banks and the NYS Mobsters both in government and in the outside knew this very well and therefore searched the home boy’s networks for a banking system for a business partner who would be willing to facilitate for a fee. They quickly arrived at the hopelessly greedy and restless Peter Munyiri, then Managing Director Family Bank.

A broke banker then, Munyiri caught the eyes of one Benson Gethi, a village mate.

They were on a similar mission, quick and easy money. Benson had connections in government from which they could steal funds and Peter Munyiri had a bank that they could use to launder the stolen funds.

Munyiri hastily introduced Benson Gethi to open fraudulent accounts at the family bank, and the money laundering game commenced. The fraudulent accounts that Munyiri helped open were used to Launder the Billions of poor Kenyans funds from NYS.

After the NYS saga, many people run away from him

As a banker with over 15 years experience, Peter was clearly a key architect of the money laundering scheme and as a senior banker and CEO; there was no way illegal transactions of this magnitude would have taken place without his knowledge. There is also no possibility that a chief executive officer of a bank, Like Family Bank, would naively allow himself to be used and dumped by the political crooks in the NYS saga in the name of collecting deposits for his bank. Peter had joined the party and as part of these connections he quickly got himself a firearm license and today has a gun that he lets anyone who cares to listen to know he has.

A poster that is part of the public relations gimmicks by the NYS thieves enabler. Look at the self praises and splashing of former titles.

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 the industry regulations by Central Bank of Kenya (CBK) 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.

The Multi-Billion money transfers were all illegal as has now been confirmed by government auditors who revealed that nothing had been supplied to NYS. Any serious bank should always ask what the payments are for. In Munyiri’s bank, documentation didn’t matter because Munyiri’s word was the required documentation.

If he hadn’t accepted to be compromised, he wouldn’t have let this blatant theft take place as a senior banker with 15 years experience. Inside the family bank, Munyiri earned the Mr. 10 % title because he always asked for 10% of any fixed amount he facilitated.

Yagnesh Devani. Mr Devani had registered his company, Triton Petroleum Ltd, in 2000 to cash in on the open tender system that had been introduced to help small indigenous oil companies to access fairly priced crude oil for processing at the refinery in Mombasa. He went on to create artificial oil shortage where he scammed taxpayers Sh7.6 billion. He will face the charges in Kenya. This means that people like Peter Munyiri want to escape justice by joining politics. Bodies ‘might also begin to be found’.

Triton Scandal

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 were exposed, he had micromanaged the Triton Scandal. In the Triton Scandal, Munyiri also received millions of shillings from the now fugitive Yagnesh 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 way for Mr. Joshua Oigara to clean up Peter Munyiri’s mess.

By the way, in June 2020, the United Kingdom (UK) government decided ruled for the extradition of Mr Devani to face charges at home, in Kenya. Mr Munyiri now wants to join politics because he knows this harmer will fall on him hard. In late 2008, Mr Devani, caused a nationwide fuel shortage for profits, in what became commonly known as the Sh7.6 billion Triton oil scandal.

The Court of Appeal in the UK dismissed his application seeking asylum in the UK, setting the ground for his extradition to Kenya where he faces several charges of serious fraud.

Devani has been on the run for the past 10 years.

Back to Munyiri, as they worked on NYS looting, to quench his greed, Peter was promised CEO Post at National Bank of Kenya and, therefore, didn’t care much about Family Bank sinking since he would make money in the scheme then move his successful looting Career to NBK.

After the explosion of the NYS Scandal, as it is the norm with many officials, many jumped boat abandoning Munyiri and those in the political world blocked his number and never responded to his messages. The only friend he has is Erastus Mureithi the former MP for Ol Kalou.

Peter Munyiri: The man who damaged family bank reputation has not fully paid for his sins and now wants to loot Nyeri County dry.

It is said that many staff at Family Bank celebrated when he was sent packing. Staff bought beers and celebrated his exit. Family Bank was however fined Sh65 million in the Sh791 million scandal.

According to the documents filed in court, a total of Sh24.5 million was deposited into the NYS account while the balance of Sh40 million deposited as court fine.

His deep pockets owing to the looting of NYS and Family and KCB in the Triton scandal meant that Munyiri delayed Ethics and Anti-Corruption from taking him to court through bribery.

The man who damaged family bank reputation has not fully paid for his sins and now wants to loot Nyeri County dry.

It is reported that he now owns a microfinance institution, to scam people more in his pyramid schemes.

Shouldn’t this man be in Kamiti for financial crimes?


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