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The Central Bank of Kenya (CBK) has been sucked into the Sh180 million fraud at the youth fund for failing to stop suspicious transactions.
The bank's Financial Reporting Centre (FRC) is on the spot for not promptly averting further loss of funds after the transacting bank raised a red flag when it received instructions from former acting Chief Executive Officer of Youth Enterprise Development Fund (YEDF) Catherine Namuye, to pay Sh115 million to Quorandum Limited.
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