Spire bank is majorly owned by Mwalimu National Sacco (75%) and Sameer Group (25 %.) The former Equitorial Bank, owned by Naushad Meralli was purchased by Mwalimu Sacco in a scheme meant to defraud teachers through Ex-CEO Robert Shibutse who has been a Meralli staff and mole. The shell Bank was purchased at kes 2.4Billion even after concerns were raised over lack of proper … Continue reading THE ROT AT SPIRE BANK: MERALLI DEBUNKED FROM HIS OWN BANK, ARE THE OTHER CLIENTS SAFE?