Cyprian Is Nyakundi

Riverside Drive: Tracking Down Chase Bank Director’s Property

Further to our appeal for information regarding properties of the directors and executives at Chase Bank (under receivership), information has started trickling in.

The information reveals that Duncan Kibui owns an apartment along Riverside Drive in luxury developments operated AMS Properties Limited. We hereby attach their contact details to make it easier for Central Bank/Ethics & Anti-Corruption Commission to track them.

We hope business analysts can now focus the rising and abnormal costs of property/real-estate to the looted funds from both Government and private-sector. These massive developments mostly purchased off-plan have been the conduits to launder ill-gotten funds.

It is so simple to track money-launderers simply by investigating property development firms books, and vetting the owners. Unlike Deputy Chief Justice Kalpana Rawal who knows how to hide her identity and execute frauds using companies registered by offshore specialists, many Kenyans have bought them upfront.

All the money that has been looted from Eurobond, NYS, Youth Fund, Counties, Banks, etc has been used to purchase property. It’s plain and simple. We find it hypocritical when Central Bank/EACC fails to remit customer deposits, yet they can easily track property owned by the fraudsters.

For instance, Imperial Bank was cross-owned together with the owners of Kenblest Industries, who also own Pam Golding Properties. The money they stole has been building the expensive projects they have been undertaking. You probably still eat Kenblest bread yet the directors stole your money. Why can’t CBK attach caveats on Kenblest and Pam Golding Properties assets and do it transparently to calm markets and restore hope in the financial system?

Central Bank Governor should stop playing tricks on Kenyans.

About Aparment Owned By Duncan Kibui, Former CEO Chase Bank.

Located on Riverside Drive, One Riverside is a new residential scheme where design, luxury and prestige will place it in a class of its own.

A beautiful residential complex of 32 apartments of which six are 4 bedroom duplex penthouses, six are 4 bedroom duplexes and twenty are 3 bedroom deluxe apartments.

Amenities include high speed lifts,borehole, stand by generator,underground parking, deck entertainment area,swimming pool with separate childrens pool connected to it, CCTV cameras and 24 hour security.

Price: From 36M


Caption: The block along Riverside Drive where Chase Bank CEO Duncan Kibui bought an apartment.

We welcome more information on assets owned by Chase Bank directors/TransCentury and senior executives plus their direct family members like wives and children.

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Cyprian, Is Nyakundi