President Uhuru Kenyatta on Sunday sent out a strong message to bank operators, warning them against engaging in practices that hurt depositors.
The President expressed that mismanagement by unscrupulous individuals in the financial sector will not be allowed.
“Those who run banks will not be allowed to steal from depositors,” said the President adding that the banking sector is stable and safe.
Speaking at the ACK St Andrew’s Cathedral in Thika, where he joined worshipers, Kenyatta sought to reassure Kenyans who have suffered after the collapse of their banks stating: “It will be paid by those owners who took massive loans and did not pay.”
At the same time, President Kenyatta expressed his joy at the end of the cases that faced him, Deputy President William Ruto and Joshua Sang adding that Kenyans now have a better opportunity to foster unity.
“It is God and the prayers of millions of Kenyans that have helped us reach where we have reached today,” the President said.
Kenyatta's sentiments come amid heightened concerns over the status of the banking sector in Kenya, following the fall of several banks which became insolvent leading to their placement under receivership.
Chase Bank, which is the latest to be placed under statutory management, left thousands of its customers stranded with most wondering why they were not warned of the impending closure in good time.
