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Top ex-NBK bosses face fraud charge

National Bank manager Dennis Oduor Chumbe in a Nairobi court on September 20. PHOTO | PAUL WAWERU | NMG
National Bank manager Dennis Oduor Chumbe in a Nairobi court on September 20. PHOTO | PAUL WAWERU | NMG 

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.”

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