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NCBA, KCB and Co-op Bank CEOs charged over KES 363 million they allegedly failed to report
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Techish Kenya
The Office of the Director of Public Prosecutions has charged the chief executive officers of NCBA Bank, KCB Bank and Co-operative Bank with failure to report suspicion regarding proceeds of crime.
Office of The Director Of Public Prosecutions @ODPP_KE DPP charges three Bank CEOs and former MCA over alleged Ksh.
The prosecution alleges that the accused forged the Governor’s signature on company cheques, presented them as properly authorised, and used that to pull money out of company accounts held at NCBA Bank, KCB Bank and Co-operative Bank.
In March 2020 it ended in a deferred prosecution deal: the banks paid KES 385 million into a prosecution fund and no CEO was charged.
NCBA published its half-year 2026 results on the same day the charges were announced, reporting KES 12.4 billion in profit after tax, up 12.2% on the KES 11.0 billion it posted a year earlier.