Business Archives - Nairobi Exposed

Inside The EABL Scandal: Alarming Allegations Of Fraud, Coercion, And Tax Evasion

nairobi-exposedMay 9, 2025

by nairobi-exposedMay 9, 202507

The Senate is demanding urgent investigations into East African Breweries Limited (EABL) following explosive allegations of fraud, coercion, and massive tax evasion. The call follows...

Business

Allegations of Unexplained Deductions from NCBA Fixed Income Fund Spark Public Outcry

nairobi-exposedApril 8, 2025April 12, 2025

by nairobi-exposedApril 8, 2025April 12, 2025031

Kenyan investors have raised serious concerns about the safety and transparency of the NCBA Fixed Income Fund, also known as the NCBA Money Market Fund,...

Business Corridors Of Power Courts

KCB Loses Appeal Against KRA’s Sh436 Million Tax Demand On VAT

nairobi-exposedFebruary 16, 2025

by nairobi-exposedFebruary 16, 2025078

The Kenya Commercial Bank (KCB) Group has suffered a major blow after the tax tribunal dismissed its appeal seeking to overturn a tax demand of...

Business Exposed

‪Director Accuses KCB Of Laundering Sh69B From South Sudan Through English Point Marina‬

nairobi-exposedJanuary 22, 2025

by nairobi-exposedJanuary 22, 20250114

Nelson Amenya, a renowned Kenyan whistleblower, has recently exposed allegations involving KCB Bank and its purported role in laundering KES 69 billion from South Sudan...

Business

Exposed KCB Customers Overdrew Accounts By Sh1B In A Recent System Glitch

nairobi-exposedNovember 8, 2024

by nairobi-exposedNovember 8, 20240116

Few weeks ago, KCB Heist became a trending topic on social media with word going around that the bank system had been hacked and many...

Business Courts

Businessman Accuses Co-Operative Bank CEO Gideon Muriuki Of Shares Fraud

nairobi-exposedAugust 14, 2024August 14, 2024

by nairobi-exposedAugust 14, 2024August 14, 20240329

The chairman of Orion East Africa limited Ruo Maina has written to the principal judge of the High Court over alleged frustrations coming from Co-operative...

Business

Qatar Airways Flight Rocked With Massive Turbulence Prompting Emergency Landing At JKIA

nairobi-exposedMay 7, 2024May 7, 2024

by nairobi-exposedMay 7, 2024May 7, 20240301

On Sunday, May 5, 2024, a harrowing incident unfolded aboard Qatar Airways flight QR1499, an Airbus A330-243 bearing the registration A4O-DA and operated in conjunction...

Business Corruption

Audit Reveals Sh6B Fraud At KUSCCO, Board Fired

nairobi-exposedMay 6, 2024May 6, 2024

by nairobi-exposedMay 6, 2024May 6, 20240267

An audit of the financial records of the Kenya Union of Savings and Credit Co-operatives (Kuscco) has revealed a rot that has cost the organisation...

Business

Predatory Practices? KCB’s Legal Battle Raises Questions About Banking Ethics

nairobi-exposedMay 6, 2024

by nairobi-exposedMay 6, 20240263

NAIROBI, Kenya-In a major legal confrontation, Kenya Commercial Bank (KCB) is facing scrutiny over its aggressive pursuit of Pinewood Beach Resort and Spa, prompting broader...

Business

Airtel Kenya Ltd Accused Of Exploitation By Franchise Partners Unite

nairobi-exposedApril 24, 2024

by nairobi-exposedApril 24, 20240167

Airtel has demanded an exhaustive list of complaints from franchise partners (FPs) following troubling allegations regarding the company’s operational practices. In response to the company’s...