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Spotlight on ex-CBK chief as Dubai Bank assets set for sale

Former Central Bank Governor Njuguna Ndung'u. PHOTO | FILE

Dubai Bank is set to be liquidated a little over a week after it was placed under receivership, turning the focus on former Central Bank of Kenya (CBK) governor Njuguna Ndung’u on whose watch the lender operated for years despite blatant breaches of banking laws.

The CBK on August 14 authorised the Kenya Deposit Insurance Corporation (KDIC) to take over the operations of the bank whose malpractices had led to a serious liquidity crisis.

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