NYS SCANDAL: Is this where Sh800m loot was hidden?
A Nairobi court has frozen 20 bank accounts in which Sh800 million stolen from the National Youth Service was allegedly hidden.
Chief Magistrate Daniel Ogembo issued the orders to allow the Banking Fraud Investigations Unit to complete a probe into the alleged scandal at the NYS that has sucked in Devolution Cabinet Secretary Anne Waiguru.
“The court further issues a search warrant allowing Corporal Sautet Jeremiah Matipei to investigate the said accounts,” he ruled.
Mr Matipei said the NYS reported an attempted theft of Sh800 million.
FUNDS DIVERTED
On investigating the matter, the officers realised that the funds had been diverted to the 20 accounts bearing different names.
“The money fraudulently obtained from the NYS was first sent to account number 065000007849 held in the name of Form Homes Builders at Family Bank, and later transferred to the different accounts,” said Mr Matipei.
Form Homes Builders was supplying the NYS with construction materials for upgrading roads in Kibera.
The account at Barclays Bank is held by Anthony Gethi Kihara.
Four accounts at Equity Bank are registered in the names of John Kenneth Mwangi, Glinnis Kigera and Company Advocates, Joyce Makena Murithi and Betty Njoki Mureithi.
At Standard Chartered Bank, an account is registered under Monica Gathoni Ndungu, while at CBA, it is held under Wainaina Ireri and Company Advocates.
FIVE ACCOUNTS
KCB had five accounts registered in the names of Petnah Chemicals Limited, John Kago Ndungu, Mape Building and General Engineering, LG Kimani and Company Advocates and Jennefer Muthoni Kinoti.
At Chase Bank, the two accounts are registered in the names of Azipharm Limited and Waweru Kihara and Company Advocates.
The one at Diamond Trust Bank is registered in the name of Brownfield Development Limited.
K-Rep Bank has one account registered under Ogola and Company Advocates. The one at Paramount Bank is registered in the name of Betty Njoki Mureithi.
The account at Prime Bank is held by MM Gitonga Advocates while another at Family Bank is held by Sam Mwadime.
