It has emerged that the amount of money lost in the NYS scandal (according to a report seen by The Nation) could be as much as KES 1.66 billion, up from the previously reported KES 791 million. The extra amount, as much as KES 869,000,000, is thought to have been paid to an additional 15 companies, and is currently under investigation by the Ethics and Anti-Corruption Commission (EACC), though we all know how that will probably go.
According to an affidavit sworn by one of the accused, Ms. Josephine Kabura, the Banking Fraud Investigations Unit (BFIU) of the … Read More