Choice Microfinance Bank is going under due to fraud and deep rot that has seen it lose billions.
For the last few days, the editor of this site has received several emails and WhatsApp communication from panicked customers who are unable to access their monies.
The central bank of Kenya has remained silent despite being aware of the fraud. The CBK Governor Patrick Njoroge is notorious by always remaining silent till things spin out of control like the case with chase bank and Imperial bank.
The Capital Markets authority led by Muthauras son has remained mute as the crooked Muthaura focuses on watching porn instead of doing his job
One shareholder that reached us revealed that he put Ksh. 700,000 at the fraud linked Microfinance bank and was trying to get it out all to no avail.
According to sources that spoke to CNYAKUNDI.COM, the bosses have been cooking books and lying to regulators like the corruptly controlled CMA and CBK.
Central Bank Of Kenya Officials have been masterminding many scandals, a good example being the NYS 1 saga that involved the addition of zeros at the regulator. Njoroge shielded the officials.
Despite tip-offs by distressed shareholders, the CBK and CMA have refused to act on the Choice Microfinance Bank scandals.
Two months ago, this site carried a whistleblower expose on the failing bank.