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Audit flags idle Sh1.5bn Inua Jamii cash held by banks

The financial institutions traded freely with the money, as the same has not earned any interest.

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by The Star

Realtime05 April 2024 - 12:57
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Joseph Motari, Principal Secretary Social Protection and Senior Citizens Affairs, engages an elderly who had gone to collect cash transfer funds at Posta Bank in Kiambu town.

Details have emerged of how commercial banks handling cash for elderly persons have for years traded with some of the donations without paying interest.

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