How Imperial Bank brand will fade away

John Gachora, NIC Group Managing Director. Last week the CBK Governor appointed NIC bank as consultants to take over some assets of Imperial including staff and branches. (PHOTO: COURTESY)

Imperial Bank collapse is shaping out to be one of the biggest nightmares for Central Bank of Kenya (CBK). Nothing makes CBK Governor Dr Patrick Njoroge, who has likened the theft at Imperial Bank to the Goldenberg scandal, more agitated than a question challenging any of his decisions surrounding the bank.

Furious shareholders have kept the legal team at the CBK busy, filing one case after the other to challenge almost every action Njoroge and his men have taken since the mid-tier lender was placed under receivership.