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Economy

CBK tightens noose on S. Sudan war generals

Central Bank of Kenya bank supervision director Gerald Nyaoma (left) with governor Patrick Njoroge. PHOTO | FILE
Central Bank of Kenya bank supervision director Gerald Nyaoma (left) with governor Patrick Njoroge. PHOTO | FILE 

Banks have up to end of next week (November 5) to furnish the Central Bank of Kenya with a detailed report on steps they have taken to identify and freeze assets of six top South Sudanese war generals or their associates.

The CBK on October 10 instructed bank CEOs to immediately identify and freeze cash, financial assets and economical resources of the high-ranking officials of the Sudan People’s Liberation Army-in-Opposition (SPLA-IO).

SPLA-IO split from the South Sudan’s ruling Sudan People’s Liberation Movement in 2013 following differences between President Salva Kiir and his then vice president Riek Machar — now under house custody in South Africa.

The CBK’s directive, which also applies to companies or Kenyan nationals associated with the rebels, is in line with the UN Security Council’s Resolution (UNSCR) 2206 of March 2015 and successor resolutions.

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