GT Bank paper trail links Faulu, Sidian to Sh695m of NYS cash

Up to Sh695 million of the National Youth Service (NYS) cash was channelled to individuals and companies from Guaranty Trust Bank (GT) to a number of banks, according to a paper trail the lender tabled before a parliamentary committee.

Lawmakers who sat through the Monday afternoon closed-door session of the Public Accounts Committee (PAC) indicated that part of the money was later withdrawn or wired from GT Bank to accounts at Sidian Bank and Faulu Bank.