National Assembly Speaker Justin Muturi has directed a parliamentary committee to inquire into the issues in the banking sector. Some MPs asked the House to pass laws imposing death sentence on those who commit economic crimes, others described the insider lending by banks that have gone under receivership as outright theft while others talked of their encounters with depositors whose money is stuck in the closed banks.
Pictured; Customers of a Nairobi Chase Bank branch (no connection to the American bank) after the bank was closed and put into receivership on April 7 due to the corruption of its board members, some of whom made off-book loans to themselves.
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