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How Youth Fund board set the stage for Sh181m to go missing from its accounts

Fresh details have emerged that show the Youth Enterprise Development Fund (YEDF) board sanctioned a change in bank signing instructions at the height of a plot that saw about Sh181 million wired out of the institution’s account.

The revelations now call into question the purpose of the ongoing audit at the fund ordered by the board, and waters down its “We were not aware” line of defence.

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