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The Standard Group Plc is a
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Mwalimu Sacco's buyout of Spire Bank in 2016 was briefly halted by the Commissioner of Cooperatives who accused the Sacco of failing to get consent from members prior to making the decision. [Wilberforce Okwiri, Standard]
The Central Bank of Kenya (CBK) and auditors EY are on the spot following reports that top shareholders withdrew billions of shillings from Spire Bank (formerly Equatorial Commercial Bank), immediately after its controversial acquisition by Mwalimu National Sacco.
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