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A fight between a bank and its regulator over adherence to financial regulations has lifted the lid on operations of the Ngirita family, accused of defrauding the National Youth Service (NYS) of millions of shilings.
In bid to stave off huge fines lined up against it by the Central Bank of Kenya (CBK), the Kenya Commercial Bank (KCB) has fired in all cylinders, revealing all about the Ngirita transactions and in the process roping CBK in the alleged impropriety.
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