DPP charges CEOs of KCB, NCBA and Coop Bank over alleged Sh363m fraud scheme - August 2026

The Chief Executive Officers of three major Kenyan banks, KCB Bank, NCBA Bank, and Cooperative Bank, are facing fraud charges related to an alleged Sh363 million scheme, with the DPP approving charges against three top bank executives. The executives are accused of failing to report suspicious transactions linked to a significant fraud case and are expected to appear in court on Tuesday. A tribunal has also ordered Kenya Union of Savings and Credit Co-operatives (Kuscco) to refund a significant investment to Mhasibu Sacco Society Limited, exacerbating the umbrella organization's existing financial challenges.