Court Rules Ex-Family Bank CEO Peter Munyiri Has Case To Answer In Ksh.791M NYS Scandal Case

A Nairobi court has ruled that former Family Bank CEO Peter Munyiri has a case to answer for failing to report suspicious transactions in the Ksh.791 million National Youth Service money laundering case.

Chief Magistrate Francis Andayi in his ruling said that only four suspects among the six who were charged were found with a case to answer.

 “Having analyzed the evidence before the court, I found that the prosecution has proved its case against Munyiri, second, third and fourth accused”, Andayi ruled.

Mr. Munyiri, who is aspiring to be the next Nyeri County Governor, was charged alongside other six senior bank employees for not reporting suspicious bank transactions carried out by the main NYS scandal suspect Josephine Kabura.

Section 44 of the Proceeds of Crime and Anti Money Laundering Act requires that transactions of that nature be reported to the FRC immediately within seven days of activity considered to be suspicious.