How NCBA bank’s internal failures allowed a ksh 47 million fraud scandal
On Wednesday, November 13, 2024, a shocking scandal involving NCBA Bank came to light, tarnishing its reputation and raising serious concerns about its internal controls and corporate ethics. The scandal revolved around Philip Kiprono Rotich, an assistant branch operations manager at NCBA’s Kisii branch, who was arrested for allegedly embezzling Sh47 million from customer accounts.
