20 bank accounts belonging to the National Youth Service (NYS) have been frozen after fraud detectives obtained a court order to bar the exercise. Officers from the Banking Fraud Investigation Unit (BFIU) presented evidence in court revealing that the Sh800 Million lost at NYS was hidden across 11 local banks.
According to the evidence, five accounts were in the Kenya Commercial Bank (KCB), four at Barclays Bank, while two others each were at Chase Bank and Standard Chartered.
In addition, there was one account in each of these banks: Paramount Universal Bank, Family Bank, Commercial Bank Of Africa, K-rep and Diamond Trust Bank.
NYS which is under Devolution Cabinet Secretary Anne Waiguru, is being investigated for massive corruption with pressure mounting for the CS to step aside over the matter.
The scandal, which came into light in June, was discovered after Sh800 Million was irreguraly transferred from NYS' Integrated Financial Management System (IFMIS) accounts to a supplies company called Form Home Builders for procurement of building materials.
The money was then transferred to different accounts belonging to a number of companies, law firms and individuals.
Following the loss, a motion to impeach Waiguru spearheaded by Nandi Hills MP Alfred Keter is underway even after Commission for implementation of the constitution moved to court to stop parliament from proceeding with the motion.
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