Two key suspects in the National Youth Service (NYS) scam used an advocate’s account at the Sidian Bank to transact millions of shillings, purporting to be from the sale of land.
Appearing before the Public Accounts Committee (PAC), Sidian Bank managing director Titus Karanja rescinded his earlier position that the bank did not, in any way, handle money related to NYS during the period.
He told the committee that millions of shillings held by two of the suspects, Josephine Kabura and John Kago were indeed transacted through a client account operated by the law firm, also a suspect in the scam.
“Ogola and Company Advocates account received deposits ranging between Sh10 million and Sh50 million as they transacted huge deposits for land and property purchases on behalf of their clients,” he said.
The bank apologised for failing to detect the names earlier saying a second filtering of Ogola clients brought up the suspects’ company name.
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