Today, we take you inside the multi-billion internal heist that led to the collapse of Chase Bank, now SBM Bank (Kenya). The Central Bank of Kenya has accused the Judiciary of stalling efforts to recover Sh14.9 billion lost in internal loan fraud that saw Chase Bank collapse in . Fresh details emerge on the loan fraud that collapsed chase bankFormer Chase Bank Kenya chairman Zafrullah Khan had awarded himself a three-year consultancy contract for an unspecified project for the bank, 16 months before it sunk on , 2016. The African Union Mission in Somalia was initially meant to deploy with 8,000 troops for just six months in 2007. To get the Breakfast Briefing right in your inbox every morning, click here for a free subscription.

Source: The Star February 18, 2019 03:45 UTC