Ex-CBK governor’s wife sought favours from Imperial Bank boss

The controversy surrounding the collapse of Imperial Bank has taken a new turn after it was alleged in court that former Central Bank of Kenya governor Njuguna Ndung’u’s wife received gifts from the bank’s former managing director, Abdulmalek Janmohamed, as part of a calculated scheme to co-opt the banking sector regulator into abetting a massive fraud that crippled the lender.

Imperial Bank’s shareholders, who are seeking to prevent the CBK from liquidating the bank, say Mrs Nancy Ndung’u at one time billed Mr Janmohamed for her stay with a companion at a luxury resort in Thailand indicating the toxic relationship the regulator had with the bank.