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Family Bank to be prosecuted over NYS Scandal

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familyCentral Bank Governor Patrick Njoroge has endorsed the prosecution of top Family Bank officials over the Sh1.6 billion NYS scandal.

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Njoroge wants the bank and its senior staff punished for failing to report to the Financial Reporting Centre the significant transactions by NYS suspects.

In a letter to Directorate of Criminal Investigations boss Ndegwa Muhoro and Director of Public Prosecutions Keriako Tobiko dated August 12, Njoroge said the prosecution of Family Bank officials implicated in the scam would send a strong message to banking sector players.