Commercial banks found to be handling graft proceeds will face stiff sanctions, Central Bank of Kenya (CBK) Governor Patrick Njoroge warned on Thursday.
Dr Njoroge, who addressed bankers at a banking forum organized by sector lobby Kenya Bankers Association (KBA) in Nairobi, said that the regulator is ready to crack the whip again on any rogue bank which helps ship out money from public institutions illegally obtained from graft.
