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Home FEATURED STORY Suspended top NBK managers grilled by police

Suspended top NBK managers grilled by police

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Top managers of the National Bank of Kenya have been questioned by the Directorate of Criminal Investigations over alleged underhand dealings at the bank. The six, who include Managing Director Munir Mohammed, appeared before detectives from the DCI’s Economic Crimes Unit and Serious Crime Unit this morning.

The others are Executive Director Boniface Biko, Chief Credit Officer George Jaba, ICT Director Mohammed Abdalla, Acting Chief Finance Officer Wycliffe Kivunira and Chris Kisire, the Chief Finance Officer. Mr  Munir and the others have been on suspension pending an internal audit.



They had failed to appear before the DCI by 3.30pm on Friday as directed by the Inspector General of Police Joseph Boinnet after Central Bank of Kenya Governor Patrick Njoroge blew the whistle on them over questionable transactions, prompting police to launch a manhunt for them amid fears they could have sneaked out of the country.

Also See: Wanted Bank managers feared to have left Kenya

Others on the radar are former Chase Bank Chairman Zafrullah Khan and managing director Duncan Kabui, who are suspected of overseeing the disbursement on insider loans running into billions of shillings. The two appeared before detectives on Saturday.

Chase Bank was placed under receivership on Thursday though Njoroge blames negative social media talk for the run on the bank that forced the regulator to step in.



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BUSINESS TODAY -

editor [at] businesstoday.co.ke

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