Former NBK finance chief blames board for Sh1bn fraud

Former National Bank of Kenya chief finance officer Chris Chepkoit Kisire in a Nairobi Court on May 23, 2017. FILE PHOTO | PAUL WAWERU | NMG

Former National Bank of Kenya #ticker:NBK chief finance officer Chris Kisire has shifted blame to the board in an ongoing fraud case that is estimated to have cost the lender close to Sh1 billion.

Mr Kisire claims that the National Bank of Kenya (NBK) board developed and approved a deposit mobilisation scheme through which about Sh991.5 was paid to two consultancies; Edge Capital Consultancy and Advest Company Limited.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.