National Bank Management under Fire

Concerned Citizens Alliance accused NBK management of corruption

A Civil society in Nairobi has called for stepping aside and disbandment of the National Bank of Kenya management over the alleged sale of the bank to Kenya Commercial Bank (KCB).

Addressing the press at a Nairobi hotel on Friday, June 07 through its representatives Livingstone Ngugi, Grace Kamau and Obadiah Langa`at, Concerned Citizens Alliance accused NBK Director of Corporate Banking, Reuben Koech of mismanaging his docket and plunging the bank into losses due to bad corporate loans.

They also blamed him of allegedly receiving kickbacks, ethnicizing the bank`s corporate department and continuously using threat to staff below him who do not play to his fraudulent tricks.

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The activists also blamed Koech of misleading the bank CEO Wilfred Musau and the board on a number of issues while bragging of his close connections to Treasury Cabinet Secretary Henry Rotich and and some officials at the Deputy President William Ruto office.

``We are calling for the resignation of Koech together with the NBK management within 7 days from now or else we hold a major protest and camp at the banks headquarters where we will forcefully remove them from the office,``Ngugi said during the conference.

They also called on the DCI boss George Kinoti to investigate senior managers at the bank who caused the bank to make losses as its the property of Kenyans.