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Banks linked to NYS scandal will face action, says CBK governor

Central Bank of Kenya (CBK) Governor Patrick Njoroge at a past media briefing. [File, Standard]

Central Bank of Kenya (CBK) Governor Patrick Njoroge thinks banks were careless as the multi-billion theft at National Youth Service (NYS) happened and is piecing together evidence to punish those involved.

Terming the loss of funds unreasonably excessive, the governor said CBK is working closely with the Department of Criminal Investigations (DCI) to ensure that banks that were involved are punished.

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