The Kenya Commercial Bank has sealed a deal to buy off the struggling National Bank of Kenya, we can report.
The National Bank of Kenya was looted to the ground by Munir Sheikh and his cartels, in exposes that this site carried many years ago. The articles and pressure from this blog, led to action from the CBK, although late.
The National Bank was staring at imminent collapse due to poor oversight by the Central Bank of Kenya that sealed their ears when we shouted. CBK officials are the most corrupt having masterminded the National Youth Service Saga. Apart from bribing the media to write how he is a genius, Patrick Njoroge has done nothing meaningful as he spends most of his time applying make-up.
Moving forward, Wilfred Musau, the accused rapist and predator CEO has been told to look for an option given that he cannot be absorbed by the merger over his dirty past. He has been given up to March this year.
Our source from the treasury where the deal was stricken tells us the deal is ksh 40 Billion- Ksh 13 Billion for books and Ksh. 27 Billion to the treasury.
Our source from CBK was not available to give us more details but a different source confirmed to us that the KCB has said that they shall immediately shut 34 National Bank branches where KCB already has representation and employees shall be retrenched.