×
App Icon
The Standard e-Paper
Home To Bold Columnists
★★★★ - on Play Store
Download App

NYS cases expose Central Bank limitations in policing lenders

Central Bank of Kenya Building on Haileselasie Road Nairobi. [Wilberforce Okwiri/Standard]

The Central Bank of Kenya has come under greater scrutiny over its ability to control the banking sector following the new push to prosecute bank executives over the Sh8 billion National Youth Service (NYS) scandal.

The theft of funds at NYS happened right under the nose of the regulator, with the movement of unusually large sums of money expected to have raised CBK’s suspicion.

Get Full Access for Ksh299/Week.
Uncover the stories others won’t tell. Subscribe now for exclusive access
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in