Stanbic Bank has struck a deal with the Directorate of Criminal Investigations (DCI) and withdrawn a petition it had filed seeking to stop the police from investigating a long-drawn feud over millions that were deposited in an airline’s bank account and later reversed.
The lender withdrew the case after the DCI agreed to drop the investigations initiated against it last year, following a complaint by Air Afrik Limited that cash was wired into its bank account in South Sudan but later frozen by Stanbic.
