Two former managers of the National Bank of Kenya #ticker:NBK have been charged with fraudulently clearing six companies’ loan arrears amounting to over Sh1.056 billion owed to the lender.
Ex-Chief Credit Officer George Weke Jaba and Executive director Corporate Boniface Amunga Biko denied the charges when they appeared before Chief Magistrate Francis Andayi.
“We’re just victims of a scheme. We are servants and the master will be known soon,” said the duo.
But State prosecutor Solomon Naulikha rebutted saying “we’re yet to unleash our evidence.”