18th December 1998

Vol 39 N0 25

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Kenya KENYA

Millionaire debtors

As Nairobi's failing banks call in their loans there is a nasty smell of cronyism

Delinquent debtors owe millions of shillings to more than a dozen troubled banks in Kenya. The list includes names from President Daniel arap Moi’s immediate family, that of his long-term adviser Nicholas K. Biwott, the Minister of East African Cooperation, others from the inner circle of the ruling Kenya African National Union, plus State House cronies and Kalenjin operators from Moi’s Rift Valley homeland. Kenya’s banking crisis is giving new reality to the adage ‘if you owe the bank enough money you own it’....

(This article contains approximately 1810 words)

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Keywords:

 Daniel arap Moi, Nicholas K. Biwott, Raymond Kipruto, Moi, Joseph Nyaga, Samson Ongeri, Gideon Ndambuk, William Ntimama, Simeon Nyachae, Don't panic, Gareth George, South African, Micah K. Cheserem,, Festus Osunsade, Nigeria, Harold Wackman, Mwai Kibaki, Canada, Britain, India., Jomo Kenyatta, NBK’s main debtors are:, Arthur Magugu, Geoffrey Asanyo, Joshua Kulei, Abraham, Kiptanui, Fred Waiganjo, Zachary Onyonka, Kipkalya Kones, Wilson Ndolo Ayah, Daniel Tanui, John Arap Sambu, George Owuor, Effie Owuor), Raila Odinga, Ezekiel Barngetuny, Hosea Kiplagat, KANU Inc., *, Cyrus M. Jirongo, Kamlesh Pattni’, Abraham Kiptanui, Viscount Kimathi, Phillip Masinde, Effie Owuor, Michael Langat, Paul Titi, John K. Cheruyot, William Chelashow, Wilson Kipkoti, Suleiman Murunga, Maina Wanjigi, Mohamed Aslam, Francis Kwinga, James Kanyotu, Dalmas Otieno, Vincent Ogutu, Sally Kosgei, Elijah Mwangale, Samwel Wanjau, David Gitari, Ndingi Mwana’a Nzeki, Timothy Njoya’