We did nothing wrong, say banks on NYS cash

Ten commercial banks under investigation for processing clients’ transactions from the National Youth Service have maintained a studious silence — even as Central Bank and the Directorate of Criminal Investigations (DCI) warned of consequences that could include loss of operating licences.

With a few exceptions such as Diamond Trust Bank, #ticker:DTK which said it fulfils its prudence obligations in respect of all transactions, many banks said they could not comment on a matter under the investigation by the DCI, Office of the Director of Public Prosecutions (ODPP), National intelligence Service (NIS), Central Bank and the Kenya Revenue Authority.  Some did not respond at all.