Imperial clients demand payment of bank deposits

A section of Imperial Bank depositors has demanded that the Central Bank of Kenya pays all of the collapsed lender’s customers the amounts they had in their accounts before collapse of the bank, arguing that the regulator’s inability to act with speed is to blame for their current predicament.

The 50 Imperial Bank depositors have sent a demand letter to CBK governor Patrick Njoroge and board chair Mohammed Nyaoga indicating that they plan to file a class action suit against them if their demand is not met within seven days.