Author Topic: Is CBK this helpless in preventing and fighting these mega thefts  (Read 4063 times)

Offline gout

  • VIP
  • Enigma
  • *
  • Posts: 4197
  • Reputation: 1374
CBK being the public bankers should do more apart from just regulations on cash withdrawal and deposits given all monies to these thieves comes from Central Bank. Will the Ngugi guy end up just like Mutunga??

Government, even in its best state, is but a necessary evil; in its worst state, an intolerable one ~ Thomas Paine

Offline Kim Jong-Un's Pajama Pants

  • Moderator
  • Enigma
  • *
  • Posts: 8783
  • Reputation: 106254
  • An oryctolagus cuniculus is feeding on my couch
Re: Is CBK this helpless in preventing and fighting these mega thefts
« Reply #1 on: February 24, 2016, 07:11:05 PM »
What can they do?  I think their hands are tied.
"I freed a thousand slaves.  I could have freed a thousand more if only they knew they were slaves."

Harriet Tubman

Offline Georgesoros

  • Moderator
  • Enigma
  • *
  • Posts: 4660
  • Reputation: 7043
Re: Is CBK this helpless in preventing and fighting these mega thefts
« Reply #2 on: February 24, 2016, 10:22:58 PM »
It was legally withdrawn. And signed off by uhuru appointed CS. I have faith in Njoroge's central bank.

Offline gout

  • VIP
  • Enigma
  • *
  • Posts: 4197
  • Reputation: 1374
Re: Is CBK this helpless in preventing and fighting these mega thefts
« Reply #3 on: February 25, 2016, 12:46:45 PM »
The verdict is yet out ...with regard to So called Eurobond it comes out that as an academic he will go with technicalities - as long as documents trail is there and signed it is okay.

His experience with Imperial Bank and NYS payments however should tell him he is dealing with crafty thugs some respected private sector captains and technocrats with decades of experience in stealing 

He can free his hands .... more active role in IFMIS and Banking Fraud unit
Government, even in its best state, is but a necessary evil; in its worst state, an intolerable one ~ Thomas Paine

Offline gout

  • VIP
  • Enigma
  • *
  • Posts: 4197
  • Reputation: 1374
Re: Is CBK this helpless in preventing and fighting these mega thefts
« Reply #4 on: March 30, 2016, 10:17:09 AM »
Nothing seem to have happened to Mugwanja and crew at Banking Fraud Investigation Department (BFID)  after NYS dealings and now this

Quote
The bank's Financial Reporting Centre (FRC) is on the spot for not promptly averting further loss of funds after the transacting bank raised a red flag when it received instructions from former acting Chief Executive Officer of Youth Enterprise Development Fund (YEDF) Catherine Namuye, to pay Sh115 million to Quorandum Limited.

http://www.standardmedia.co.ke/mobile/article/2000195039/cbk-on-the-spot-over-sh180m-fraud-at-youth-fund
Government, even in its best state, is but a necessary evil; in its worst state, an intolerable one ~ Thomas Paine

Offline RV Pundit

  • Moderator
  • Enigma
  • *
  • Posts: 38336
  • Reputation: 1074446
Re: Is CBK this helpless in preventing and fighting these mega thefts
« Reply #5 on: March 30, 2016, 11:41:09 AM »
Njoroge has to clean up. He cannot fight this alone. He need to fire all the previous holders of top position and hire himself a new team.

Offline Georgesoros

  • Moderator
  • Enigma
  • *
  • Posts: 4660
  • Reputation: 7043
Re: Is CBK this helpless in preventing and fighting these mega thefts
« Reply #6 on: March 30, 2016, 05:49:14 PM »
Njoroge has to clean up. He cannot fight this alone. He need to fire all the previous holders of top position and hire himself a new team.
Agreed..

Offline gout

  • VIP
  • Enigma
  • *
  • Posts: 4197
  • Reputation: 1374
Re: Is CBK this helpless in preventing and fighting these mega thefts
« Reply #7 on: April 01, 2016, 10:06:46 AM »
Looks Njoroge has been working on the book cooking in the banks for a start given the look of things in the annual reports

Quote
National Bank of Kenya has reported a surprise Sh1.2 billion loss for the year ending December 31, 2015 compared with a profit of Sh1.3 billion in the same period last year.

The bank attributed the loss to heavy provisions and a loan impairment charge that increased by Sh3.2 billion over the period.
http://mobile.nation.co.ke/business/National-Bank-announces-Sh1-2bn-loss/-/1950106/3140422/-/format/xhtml/-/9wmels/-/index.html

Quote
http://www.businessdailyafrica.com/Chase-Bank-reports-Sh792-million-net-loss-in-2015/-/539552/3140752/-/mmpnewz/-/index.html

Or is it all about tax evasion/evading? All these profit warnings, losses, NPLs....state of economy clues?? M-Pesa effects??
Government, even in its best state, is but a necessary evil; in its worst state, an intolerable one ~ Thomas Paine

Offline gout

  • VIP
  • Enigma
  • *
  • Posts: 4197
  • Reputation: 1374
Re: Is CBK this helpless in preventing and fighting these mega thefts
« Reply #8 on: November 17, 2016, 08:07:31 PM »
Njoroge seems to be more occupied with strength of marathoners than on strength of our financial sector and its role in the corruption drama

https://twitter.com/njorogep

There must be (a) serious systemic reason(s) why all these Kenyans who come riding on high chariots and public goodwill are so underwhelming.
Government, even in its best state, is but a necessary evil; in its worst state, an intolerable one ~ Thomas Paine

Offline Empedocles

  • VIP
  • Enigma
  • *
  • Posts: 823
  • Reputation: 15758
Re: Is CBK this helpless in preventing and fighting these mega thefts
« Reply #9 on: November 18, 2016, 05:47:23 PM »
Njoroge seems to be more occupied with strength of marathoners than on strength of our financial sector and its role in the corruption drama

https://twitter.com/njorogep

There must be (a) serious systemic reason(s) why all these Kenyans who come riding on high chariots and public goodwill are so underwhelming.

They're selected.

And after the debacle that was Githongo and Miguna, very carefully.

Nobody in Gava likes squealers.

Offline Kim Jong-Un's Pajama Pants

  • Moderator
  • Enigma
  • *
  • Posts: 8783
  • Reputation: 106254
  • An oryctolagus cuniculus is feeding on my couch
Re: Is CBK this helpless in preventing and fighting these mega thefts
« Reply #10 on: November 18, 2016, 08:19:13 PM »
Njoroge seems to be more occupied with strength of marathoners than on strength of our financial sector and its role in the corruption drama

https://twitter.com/njorogep

There must be (a) serious systemic reason(s) why all these Kenyans who come riding on high chariots and public goodwill are so underwhelming.

They're selected.

And after the debacle that was Githongo and Miguna, very carefully.

Nobody in Gava likes squealers.

You can't squeal with your mouth full.

"I freed a thousand slaves.  I could have freed a thousand more if only they knew they were slaves."

Harriet Tubman