House probe team puts 28 banks on the spot over Sh1.6b NYS scandal

Parliamentary Accounts Committee Chairman Nicholas Gumbo stresses appoint during a Press Conference to address NYS saga at Parliament Buildings 15/11/16 PHOTO MOSES OMUSULA

At least 28 banks are under investigation for their possible role in the loss of Sh1.6 billion from the Devolution ministry.

The National Assembly's Public Accounts Committee (PAC) yesterday revealed that it will ask the Directorate of Criminal Investigations (DCI) and the Ethics and Anti-Corruption Commission (EACC) to provide it with any investigative information into the banks, which handled cash linked to fraudulent National Youth Service (NYS) projects.