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Investigations

Kenyan Billionaire Money Launderer to Answers to 9 Money Laundering Charges worth Billions

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Social Media Pressure Yields At Last As Ex Family Bank CEO Peter Munyiri Arraigned In Court Over NYS Scam

The internet has grown to become a serious tool in fighting graft in Kenya. 2016 has been such a year that will go down the books as hell of a year for the corrupt establishment. When Family Bank was exposed for having been the chief NYS money laundering bank, they hatched a cleansing plot by having the then CEO be fired in a cosmetic spirit to retain their reputation.

Family Bank recently almost crumbled following speculations that it was facing stability crisis. Even though the pressure was subdued, The Bank is moving ahead with the heavy burden and money laundering stamp on their heads. Central Bank, DCI, ODPP are some of the investigative on Family Bank’s tail over rampant money laundering schemes within the entity that’s jeopardizing their market trust and confidence.

A hard faced and egocentric ex-Family Bank CEO together with his accomplice has been dragged to court answering to nine accounts of money laundering during his tenure at Family Bank. Initially, when the writer of this article together with other reputable bloggers as Cyprian Nyakundi initiated a campaign to highlight and expose Minor and how he facilitated the biggest money laundering in recent Kenya history on the NYS scam that’s now being put at a 6B figure, he went on a chest-thumping mission bragging to his peers that social media noise is futile and that he’s protected by high forces to be moved.

Well first forward months later, the ex-CEO was licking the fear off his dry lips at the docks when reality dawned on him. We’re it not for the consistent social media campaign that stretched over months; Munyiri would’ve easily gotten away with the billions that have since boosted his empire to running a microfinance following his demise from Family Bank.

The dismissed Family Bank CEO Peter Munyiri is a haunted man. The chickens are coming home to roost for him despite his deliberate efforts to allegedly sanitize his record before his departure from the bank. Now that he is no longer in a position to pull strings and cover his tracks, it is now becoming apparent with each passing day that he allegedly was indeed the grandmaster who facilitated the historic heist of NYS billions.

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And to demonstrate just how cocky the beneficiaries of impunity can be, the discredited former bank CEO has gone ahead to dabble in banking business by opening a new outfit named Citizen Micro Finance. Whoever licensed this outfit in total disregard of the ‘fit and proper’ criteria established by the Central Bank of Kenya for banking executives must be either the most daring regulator or most incompetent, to say the least. If this outfit secured operating licenses from CBK, then it makes their recent proclamations about good governance a pretty sick joke.

Peter Munyiri when he appeared before the court in an oversized suit perhaps for warmth and where's his trademark designer glasses?

Peter Munyiri when he appeared before the court in an oversized suit perhaps for warmth and where’s his trademark designer glasses?

When news of the scandal broke out and that the bank he was heading has been implicated as the conduit for the funds siphoned out of NYS, Munyiri quickly listed his nine junior staff as culprits, who were promptly lined up for criminal investigations and subsequently charged in court, it is claimed. Needless to say, the hapless junior branch staffs were swiftly fired from the bank. In the meantime, Munyiri stayed put.

CBK initially fined three lenders Sh1 million for NYS scandal. This begged the question why the bank which in regular business complies with banking regulations had this time decided to go rogue and throw caution to the wind. The reason why bank staff showed the apparent disregard for banking regulations was because the bank’s chief executive Munyiri was allegedly personally directing the handling of the doubtful accounts, right from their opening to the way they were operated.

It may be recalled that in the report by Auditor-General following the decision by parliament to order a special audit of NYS, the three companies that acted as suppliers to NYS, Form Homes Builders, Reinforced Concrete Technologies and Roof and All Trading opened accounts with the bank without required documentation. Worse still, Sh218 million was paid to Form Homes Builders five months before it was even registered as a company! The other two companies started receiving millions in payments a mere two months after registration, totally outrageous events that go against all banking norms.

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The report of the Auditor-General further notes that taxpayers lost Sh1.9 billion in the NYS scandal with Josephine Kabura receiving a total of Sh1.3 billion through some 11 entities that were in reality mere shell companies that did business with the NYS.
How come Family Bank staff ignored the rules so blatantly when dealing with NYS funds yet they enforce them every other business day for other accounts? Precisely, it is claimed, because the bank’s CEO was running the accounts.

In any event, even if the bank staff had intended to do so, the amounts in question totaling Sh791 million are far more than the limit that junior staffs are allowed to transact without approval from senior colleagues, in this case, the CEO himself. Predictably, the staff could never dare report the suspicious transactions to the financial reporting center as is required for such substantial and suspicious transactions.

As it happens in these kinds of events, Munyiri could not possibly take these risks for nothing. He benefited immensely from the NYS loot; it is claimed. The mastermind of the NYS scandal Ben Gethi was a familiar face at Munyiri’s office which he visited regularly. Around this same time, the bank’s CEO is also said to have received Sh6 million in cash through his secretary from Murkomen.
As Munyiri and his accomplices have their days in court, we can only hope that and especially the innocent Family Bank workers who lost their jobs and reputations who include KTDA Branch Manager Robert Nyaga, operations supervisor Martin Kagiri, relationship manager Meldon Onyango, branch customer service supervisor Josephine Waira, Platinum manager Nancy Njambi, the head of the risk and compliance department and others, will finally get justice.

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Kenyans the taxpayers who’ve been the biggest losers in this fraud scheme are also looking into jubilation should the players as Munyiri be found guilty, and justice was given. The opening of criminal charges against Munyiri once again reawakens the fears and consumer confidence on Family Bank. The institution’s reputation is naturally hit when one of their own is facing severe economic crime charges and a possible banking system crisis; they again might have to grasp for air. The outcome of this case might influence unimaginable disciplinary actions from CBK to Family Bank.

Find the copies of the 9 accounts below:

img-20161230-wa0018 img-20161230-wa0017 img-20161230-wa0016 img-20161230-wa0014 img-20161230-wa0013 img-20161230-wa0010

Knowing Kenya and it’s structured, We suspect Munyiri would be on yet another escape strategy that would mean million shilling bribery especially to the ODPP who’re on his ass and judges following his cases of money laundering which would quickly throw him behind bars for years. Kenya Insights backed up with moles everywhere, in this instance, will sniff around to come out any suspicions in ensuring no one is compromised and answers sought to the letter.

As part of our working conduct, we are launching unspecified period campaigns on Minor and accomplice case putting investigations and the court in check to ensure not only maximum illuminating of the case but watching to see justice is served. If social media pressure worked in getting Munyiri in the docks them, it could take him behind bars where money launders like him belong. We call upon Kenyans to join our undisputed anti-graft champions online as we start on a journey to see a successful prosecution of this case.


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Investigations

Lobby Group Wants Co-Operative Bank And Nairobi County Assembly’s Salary Deal Investigated With Corruption Red Flags Raised

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Nairobi County’s Assembly.

A concerned city resident, Kelvin Njihia has written to the anti corruption body EACC and DCI to launch investigations into widespread corruption and impunity cases at the capital’s county assembly.

In a letter addressed to the two bodies, Njihia claims  there are serious integrity and public trust issues within City Hall. He alleges that the County assembly has gone against the set threshold by Salaries and remuneration commission restricting members not be in more than four committees.

According to his findings, most senior members in the board and their allies, have occupied more than four committees thereby contravening the law. The petitioner want members of the assembly occupying the extra committees to be investigated and prosecuted over corruption and the impunity displayed. He lists top officials flagged in his findings including;

  • Elias Otieno Okumu- 7 committees.
  • Esther Waithera Chege- 6 committees
  • Abdi Ibrahim Hassan- 6 committees
  • Peter Wahinya Njau- 5 committees
  • Peter Anyule Mwatok- 5 committees
  • Juliet June Ndegwa- 5 committees

 

Rest of the list

Besides, the concerned citizen coalition want the assembly to be probed as to how salaries of the members is channeled through cooperative bank contrary to the SRC’s directive and s contravention of county and national laws.

The petition also noted that the suspended County’s assembly clerk Jacob Ngwele who’s out of office over miss appropriation of funds still executes official duties despite the court’s directive. Ngwele in what the petition claims to be a contempt of court, recently invited public’s participation in approval of Halkano Dida Waqo as County’s Chief Executive Officer for ICT in what is flagged as one of many suspicious appointments.

The questionable advertisement signed by Ngwele on Daily Nation.

Ngwele himself was illegally appointed into office and being investigated for the same. Petition also want the commission to speed investigations and findings following the impeachment of County’s Speaker Beatrice Elachi.

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They want the Ethics and Anti-Corruption Commission to give updates on the Majority leader of the Nairobi County Assembly Mr Ibrahim Abdi Hassan who had been summoned by the commission over the City Hall clash pitting members against Speaker Beatrice Elachi.

EACC ordered Hassan to appear at the Integrity Centre on September 12, 2018 to record a statement that will aid in the investigation of members’ conducts. He’s alleged to have conspired with members in wider plot to oust the speaker. According to the petition, Elachi was kicked out due to her lack of corporation in fraud schemes hatched by the board members.

Petitioner wants the DCI to dive in and investigate why the county’s salaries are being channeled through co-operative bank and not directly from central bank to individual’s accounts in what is read with suspicions.


Kenya Insights allows guest blogging, if you want to be published on Kenya’s most authoritative and accurate blog, have an expose, news, story angles, human interest stories, drop us an email on [email protected] or via Telegram
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Investigations

FRAUD: Bungoma County’s Nzoia Water Services Board Sneakily Attempts To Impose Kennedy Wekesa Kilali As The MD

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Ag. MD Kennedy Wekesa.

Nzoia Water made an advertisement for open positions of Managing Director and Head of Internal Audit and Risk Management in daily nation dated October 23,2018 page 18 under anonymous company in western Kenya.

The following non conformities were noted which do not either conform with industry practices and approved operational HR Manual of the company as per the attached Advertisement:

1. The advertisement was only mentioning a leading water company in Western Kenya,excluding Kitale which falls in Rift Valley. Does it mean Kitale has separated from Bungoma and they have formed their own company? If not what is the effect of these on long term relationship with Trans-nzoia County?
2. The advertisement of MD’s position failed to meet the minimum threshold as per legal notice no.137 of 2012 which requires inviting the prospective candidates to have Masters Degree and registered members of respective bodies e.g  for Engineers should be registered with Engineers Registration Board(ERB) OR Institute of Engineers of Kenya ( IEK) and not Institute of Engineering Technicians (IET)  meant for Technicians who are lower cadre staff of the company.

The advertisement as it appeared on the dailies.

3. The requirements of chapter six was not observed in the advertisement which requires the prospective applicants to submit their chapter six compliance during the application as it forms part of shortlisting process and not to produce them during the interview.
4. The last advertisement through daily Nation were received without matching list from them,which resulted in most candidates who had applied not being shortlisted as their applications never reached the company’s offices. There’s no surety that the process will not be compromised in favour of specific candidates?
5. The Ag. Managing Director has failed to implement the inspection report by WASREB.(According to workers petition)
6. The advertisement should have been made either through the consultant or in the company’s name for it to attract competitive qualified candidates and not the way it is hidden as it is aimed to prevent competition and thus attract less applicants.
7. Therefore ,the recruitment process be stopped and the position be re-advertised in line with the above requirements.

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Investigations

Ruto And Duale Buys Off Biwott’s Air Kenya Limited As Attempts To Exempt The Duale’s From KPC Prosecutions Revealed

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Duale(L) and Ruto(R)

In Kenya, the more things change, the more they remain the same. Since the President intensified the fight and crackdown on corruption, we’ve witnessed arrests and ongoing prosecutions but at the same time, new scandals continue to crop up.

President announced a lifestyle audit on public officers and we’re yet to see the full implementation, however, we’re aware of ongoing money laundering schemes where ‘smart’ public officials including those in executive, are desperately laundering their ill acquired wealth before the lifestyle audit bell is hit.

Talking Of wealth, reports reaching Kenya Insights allege that DP and Duale jointly bought off Air Kenya Ltd previously owned by the late Biwott in what we’re told was a cool Sh1.8B deal sealed about two months ago. According to a source, the ownership is based on a 50/50 agreement between the two.

Air Kenyan is  now registered under Focus Aviation Mauritius and the Directors are Abdulaziz Aden (Duale’s son) and Adil Khawaja ( representing William).

Away from that, Kenya Pipeline is proving to be a hard not to crack for the DPP, for a parastatal with endless scandals, many have been wondering what’s taking Noordin too long to press play on his reggae playlist. But you’ll have to wait a bit longer, KPC comes with heavy political baggage.

Duale and Abdul Duale are heavily implicated in the KPC mess a detective source intimated to Kenya Insights. Joe Sang, the company’s MD who’s whole body deep in the murky scandal world will not go down without the Duale’s we’re told to show the levels of complexity in the case. Sources at DCI say that there have been open threats by the Duales and told that they had seriously invested in the government and that they are untouchable.

There’s a developing narrative that the DPP is delaying prosecutions yet the DCI have concluded their investigations on the KPC corruption. This one case that comes with political ramifications and questions are arising whether the DPP who happens to come from the same region with the Duale’s is hesitant on the consequences.

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”Touching Duale Family is a direct attack on WsR. That is a live wire.  Infact Dualle son Abdul is so close to Joe sang and Keter. DPP Knows touching that file is war.” Says a source privy to the investigations.

DCI uncovered transactions amounting to hundreds of Millions between Abdul Duale and Joe Sang’s cousin Hillary. When both parties we queried what the transactions were for they both claimed that it was not a crime to give money to friends.

“Chief architects of tender fixing at KPC are the Duale boys, they are so entrenched at KPC that even removing Joe Sang wont affect their activities.” Said another source speaking to KI. He continues, “KPC is a chess board for WSR and the Duale’s. At times they are united in Looting however sometimes they clash and fight bitterly when things don’t go their way. Duale’s are cunningly smart and share what they steal with management but for WSR its me, Myself and I. Thats what is going to finish WSR. His selfishness Unmatched.”

Abdul Duale is said to be the father’s right hand man. His finger prints all over state parastatals. At KPC they are involved in
1. Fibre- total was 1.8B
2. Devolution of KPC – 200M given to them. There was a big war between them and WSR over this.

3. Industrial area land was bought by a Company called Focus Logistics( Director is Abdulaziz Aden) at 150m and later sold to KPC at 600m 3 months later
4. Security consultancy. Awarded to Optilan UK and Black hawks eye (Aden duale and Abdul are Directors) value was 800m.

Mid November 2015 a meeting was called by One Abdul Duale ( Son of Aden Duale) at boma hotel. In attendance was Faith( Director KPC), Felicity Biriri( Director KPC), Joe sang (AG GM Finance then). The agenda was lack of control in KPC. The cartels had lost control as Previous MD Charles Tanui was sacked after Corruption allegations and his replacement was Mrs Florence.

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At this meeting of this 4 individuals a plan to oust was mooted. They had 2 Directors on their side already. Joe sang said he would convince Jerry and Neepee ( also Directors). The Kalenjins tasked Abdul Duale to Onboard John ngumi (Chair KPC) with whom they enjoyed a Cordial relationship.

A board meeting was subsequently scheduled 1 day before the Christmas holidays so that no eyebrows would be raised. In a Span of less than 1 hour Florence (Ag MD KPC) was ousted and replaced with Joe sang in Acting capacity. Mr Director kindly check the visitors book and Examine CCTV footage on 23Rd December 2015 at exactly 2:31 till 4:00pmYou will notice that Abdul Duale personally supervised the removal of Florence (Ag MD). Cctv footage from security will help you.

Abdul Duale was a close ally of Charles Tanui and often sat at the negotiating table for kickbacks on behalf of Tanui. When tanui left he became an orphan. Ag MD Florence had blocked all his contracts. Works were stopped and payments stopped also. He would visit Charles Tanui every other day probably to brief him on matters kickback.

After their successful mission to replace Florence the Cartel rejoiced and celebrated for days. Fast forward January 2016 Joe Sang os in office and alll cancelled contracts were reinstated. To begin with their was a Tender for Rehabilitation of the Nairobi – mombasa Pipeline that was awarded to The Duale family via Proxy during the Tanui Reign. It was Awarded to Center star Ltd. Amount was 490M. Florence (Ag MD) cancelled it after several issues were raised on the shell company.

The company had no experience for the sophisticated job that was to be undertaken. Mid January 2016 Abdul duale pushes for the reinstatement of the contract. Joe sang instructed the Mechanical team to reinstate it and he signed it off. A Kickback of 20M was delivered at Intercontinental Basement.
Distribution
joe Sang -6m
Faith and Felicity 6m
Legal – 2M

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The Cartel at KPC needed political protection and someone who also allowed them to eat unlike the DP who offered them protection but never allowed them to eat. DP would eat alone forgetting the team always. Political protection came via the Duale Family. Aden Duale and His son Abdul would protect Joe Sang from EACC, DCI and parliamentary Committees. In Return Joe Sang would be paying to the Duale family via Kickbacks.

The duales also provided the KPC cartel with money laundering options often charging them upto to 20% of the looted proceeds

1.Fibre Optic Cable

The Budget for this project was 300M. Joe sang gave instructions 6 months before the tender was advertised that this One belongs to Aden Duale. Duale and Son setup a Shell company and partnered it with JV of Express Automation.

All bidders quoted less than 300M including ZTE. Express Automation/white space quoted 880M. 500m Above the budgeted amount. The tender was marred by threats of deportation to ZTE from abdul duale if they ever appealed.

Beneficiary of the Kickbacks
Keter and PS – 100m
Joe Sang -20M
Lamek Rotich and Evaluation team -10m
Vincent Cheriyout – 1M

It will be a Futility if the political engines are not touched in cleaning up the KPC mess. As it stands, the political weight on KPC corruption continues to take toll as reports point at s conflict in the sense that both Ruto and Uhuru’s allies are swallowed into the multi billion theft at the oil courier. Kenyans are keen to see how the DPP will handle this case.


Kenya Insights allows guest blogging, if you want to be published on Kenya’s most authoritative and accurate blog, have an expose, news, story angles, human interest stories, drop us an email on [email protected] or via Telegram
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