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Three banks fined Sh1m each over NYS scam

By Roselyne Obala | 9yrs ago
Central Bank of Kenya Governor Patrick Njoroge.

Three banks have been fined Sh1 million each by the Central Bank of Kenya (CBK) for handling the controversial Sh761 million National Youth Service (NYS) payments.

Family Bank, Faulu Micro Finance Ltd and Sidian Bank, formerly K-Rep, were penalised for handling proceeds of crime.

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