Nearly half of Kenyan banks handled the dirty NYS billions. This is according to the Financial Reporting Centre (FRC) which reckons that 15 out of 41 banks raised alerts over transactions related to Sh. 1.6 billion NYS loot.
Analysis of the 20 bank accounts owned by Ms. Josephine Kabura indicated that the loot could have been stopped earlier had the necessary agents acted upon information delivered to them.
Between October 2014 and December 2015, Ms. Kabura transacted up to Sh. 1.6 billion.
Although the 15 banks linked to the NYS scam were not named, seven of them have appeared before the parliamentary accounts committee.
