Kenya, East Africa’s biggest economy, is fast gaining notoriety as the regional hub for money laundering orchestrated by regional criminal networks and rogue elite robbing their countries dry.
Nairobi’s infamy will, as usual, be the handiwork of our security system managers, banking fraud detection capabilities and, of course, our greedy political elite who, like Judas, have never flinched betraying their country in exchange for cash.
Instead of Nairobi growing into a financial hub of international repute, selfish economic saboteurs driven by greed, have conspired to turn the city into a criminal paradise and, in the process, are driving away potential investors whose entry could strengthen the economy and be a vote of confidence about what we can offer.
The Financial Action Task Force, recently released and which has been widely reported in our Monday editor, reveals that illicit gold, oil, timber and even humble charcoal from South Sudan, is siphoned into Kenya’s porous borders sold and the cash deposited into the accounts of enrich buccaneer elites and criminal networks and in the process starving the strife-torn country into deeper economic malaise.
The government must move with speed and stop our elites from destroying the future of millions for the benefit of a handful of criminals.
Quote of the day: “Win or lose you will never regret working hard, making sacrifices, being disciplined or focusing too much. Success is measured by what we have done to prepare for competition.” —John Smith was elected president of the Jamestown Colony Council, Virginia, on September 10, 1608
