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Kenya Airways...why ignore..
Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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I wonder whether anyone have come across the below article carried in the Standard. Ngunze is at the centre of the looting at KQ. http://www.standardmedia...efraud-airline/?pageNo=1
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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[quote=ArrestedDev]I wonder whether anyone have come across the below article carried in the Standard. Ngunze is at the centre of the looting at KQ. http://www.standardmedia...fraud-airline/?pageNo=1[/quote] Why do you think he had to be appointed CEO? Hand picked by that other thief Naikuni the truth was always going to come out....I think it's now clear why the pilots want the senior management to go home... possunt quia posse videntur
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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maka wrote:[quote=ArrestedDev]I wonder whether anyone have come across the below article carried in the Standard. Ngunze is at the centre of the looting at KQ. http://www.standardmedia...fraud-airline/?pageNo=1[/quote] Why do you think he had to be appointed CEO? Hand picked by that other thief Naikuni the truth was always going to come out....I think it's now clear why the pilots want the senior management to go home... The jury is out. There was no way he could authorize a bank account to be opened and later no official transactions are done through it. He is squarely in the mix. This happened just recently in 2015. As a seasoned finance & accounting professional,I expected him to interrogate before appending his signature. There is no doubt he benefited. I am very sure that this is just the tip of the iceberg, the ticketing issues that have been floating around need to be interrogated seriously. More mind boggling figures are yet to be revealed. Now you can see why KQ cannot operate a B777 which is just 12 years old and take advantage of traffic at peak seasons. Some members in this forum have been touting Ngunze as the 'messiah' expected to turn around the airline.
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Rank: Veteran Joined: 4/4/2016 Posts: 1,996 Location: Kitale
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ArrestedDev wrote:maka wrote:[quote=ArrestedDev]I wonder whether anyone have come across the below article carried in the Standard. Ngunze is at the centre of the looting at KQ. http://www.standardmedia...fraud-airline/?pageNo=1[/quote] Why do you think he had to be appointed CEO? Hand picked by that other thief Naikuni the truth was always going to come out....I think it's now clear why the pilots want the senior management to go home... The jury is out. There was no way he could authorize a bank account to be opened and later no official transactions are done through it. He is squarely in the mix. This happened just recently in 2015. As a seasoned finance & accounting professional,I expected him to interrogate before appending his signature. There is no doubt he benefited. I am very sure that this is just the tip of the iceberg, the ticketing issues that have been floating around need to be interrogated seriously. More mind boggling figures are yet to be revealed. Now you can see why KQ cannot operate a B777 which is just 12 years old and take advantage of traffic at peak seasons. Some members in this forum have been touting Ngunze as the 'messiah' expected to turn around the airline. Somebody in this thread said that Nguze is enjoying the support of Uhuru kenyatta!i will see tomorrow how the share price will react to this news. Towards the goal of financial freedom
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Rank: Elder Joined: 12/25/2014 Posts: 2,300 Location: kenya
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According to the report, the KQ Managing Direct Mbuvi Ngunze authorised illegal opening of a KQ account with Dubai Bank " he has backing of president UK " obiero auto corrected me
The letter was signed by the Group Managing Director and CEO Mbuvi Ngunze and the then Finance Director Alex Mbugua.”" He has backing of president UK?Do you know the Nguze family ? Do your research and come post here" obiero said
When the audit firm reached Ngunze to comment on the account opening, he said: “I guess I was reacting to the status of Dubai Bank as it was topical”. "I have faith in Nguze . " obiero said
The letter was purportedly signed by Mr Ngunze and Mr Mbugua. When asked to comment about the letter, Mbugua denied knowledge of it and said his signature was forged then this Mbugua guy had the balls big enough of an elephant suing kq for wrongful dismissal. Does he face his kids and tell them he is an honest man?
Obiero is Nguze an honest man? I just can't stand someone who over eats stolen food and comes vomiting on my door step asking for more food .he should just resign. Or he will sue kq for defamation of character ? And this deloitte guys why didn't they audit the ticketing dept? That's where main fraud occurred ?
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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enyands wrote:According to the report, the KQ Managing Direct Mbuvi Ngunze authorised illegal opening of a KQ account with Dubai Bank " he has backing of president UK " obiero auto corrected me
The letter was signed by the Group Managing Director and CEO Mbuvi Ngunze and the then Finance Director Alex Mbugua.”" He has backing of president UK?Do you know the Nguze family ? Do your research and come post here" obiero said
When the audit firm reached Ngunze to comment on the account opening, he said: “I guess I was reacting to the status of Dubai Bank as it was topical”. "I have faith in Nguze . " obiero said
The letter was purportedly signed by Mr Ngunze and Mr Mbugua. When asked to comment about the letter, Mbugua denied knowledge of it and said his signature was forged then this Mbugua guy had the balls big enough of an elephant suing kq for wrongful dismissal. Does he face his kids and tell them he is an honest man?
Obiero is Nguze an honest man? I just can't stand someone who over eats stolen food and comes vomiting on my door step asking for more food .he should just resign. Or he will sue kq for defamation of character ? And this deloitte guys why didn't they audit the ticketing dept? That's where main fraud occurred ? Commercial is being audited next... possunt quia posse videntur
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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maka wrote:enyands wrote:According to the report, the KQ Managing Direct Mbuvi Ngunze authorised illegal opening of a KQ account with Dubai Bank " he has backing of president UK " obiero auto corrected me
The letter was signed by the Group Managing Director and CEO Mbuvi Ngunze and the then Finance Director Alex Mbugua.”" He has backing of president UK?Do you know the Nguze family ? Do your research and come post here" obiero said
When the audit firm reached Ngunze to comment on the account opening, he said: “I guess I was reacting to the status of Dubai Bank as it was topical”. "I have faith in Nguze . " obiero said
The letter was purportedly signed by Mr Ngunze and Mr Mbugua. When asked to comment about the letter, Mbugua denied knowledge of it and said his signature was forged then this Mbugua guy had the balls big enough of an elephant suing kq for wrongful dismissal. Does he face his kids and tell them he is an honest man?
Obiero is Nguze an honest man? I just can't stand someone who over eats stolen food and comes vomiting on my door step asking for more food .he should just resign. Or he will sue kq for defamation of character ? And this deloitte guys why didn't they audit the ticketing dept? That's where main fraud occurred ? Commercial is being audited next... it doesn't make sense that the CEO would be a thief bold enough to remain firm while audit is ongoing. the media have played a big role in dismantling the KQ share HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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obiero wrote:maka wrote:enyands wrote:According to the report, the KQ Managing Direct Mbuvi Ngunze authorised illegal opening of a KQ account with Dubai Bank " he has backing of president UK " obiero auto corrected me
The letter was signed by the Group Managing Director and CEO Mbuvi Ngunze and the then Finance Director Alex Mbugua.”" He has backing of president UK?Do you know the Nguze family ? Do your research and come post here" obiero said
When the audit firm reached Ngunze to comment on the account opening, he said: “I guess I was reacting to the status of Dubai Bank as it was topical”. "I have faith in Nguze . " obiero said
The letter was purportedly signed by Mr Ngunze and Mr Mbugua. When asked to comment about the letter, Mbugua denied knowledge of it and said his signature was forged then this Mbugua guy had the balls big enough of an elephant suing kq for wrongful dismissal. Does he face his kids and tell them he is an honest man?
Obiero is Nguze an honest man? I just can't stand someone who over eats stolen food and comes vomiting on my door step asking for more food .he should just resign. Or he will sue kq for defamation of character ? And this deloitte guys why didn't they audit the ticketing dept? That's where main fraud occurred ? Commercial is being audited next... it doesn't make sense that the CEO would be a thief bold enough to remain firm while audit is ongoing. the media have played a big role in dismantling the KQ share How can a listed company open an account in Dubai bank one of the most rogue lenders in the country? It is appalling that in the light of this revelation @obiero is primed to execute a deal tomorrow at 3.5/-. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Spikes wrote:obiero wrote:maka wrote:enyands wrote:According to the report, the KQ Managing Direct Mbuvi Ngunze authorised illegal opening of a KQ account with Dubai Bank " he has backing of president UK " obiero auto corrected me
The letter was signed by the Group Managing Director and CEO Mbuvi Ngunze and the then Finance Director Alex Mbugua.”" He has backing of president UK?Do you know the Nguze family ? Do your research and come post here" obiero said
When the audit firm reached Ngunze to comment on the account opening, he said: “I guess I was reacting to the status of Dubai Bank as it was topical”. "I have faith in Nguze . " obiero said
The letter was purportedly signed by Mr Ngunze and Mr Mbugua. When asked to comment about the letter, Mbugua denied knowledge of it and said his signature was forged then this Mbugua guy had the balls big enough of an elephant suing kq for wrongful dismissal. Does he face his kids and tell them he is an honest man?
Obiero is Nguze an honest man? I just can't stand someone who over eats stolen food and comes vomiting on my door step asking for more food .he should just resign. Or he will sue kq for defamation of character ? And this deloitte guys why didn't they audit the ticketing dept? That's where main fraud occurred ? Commercial is being audited next... it doesn't make sense that the CEO would be a thief bold enough to remain firm while audit is ongoing. the media have played a big role in dismantling the KQ share How can a listed company open an account in Dubai bank one of the most rogue lenders in the country? It is appalling that in the light of this revelation @obiero is primed to execute a deal tomorrow at 3.5/-. Like @ArrestDev has said this is just the beginning more to come... possunt quia posse videntur
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Rank: Chief Joined: 1/3/2007 Posts: 18,057 Location: Nairobi
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obiero wrote:maka wrote:enyands wrote:According to the report, the KQ Managing Direct Mbuvi Ngunze authorised illegal opening of a KQ account with Dubai Bank " he has backing of president UK " obiero auto corrected me
The letter was signed by the Group Managing Director and CEO Mbuvi Ngunze and the then Finance Director Alex Mbugua.”" He has backing of president UK?Do you know the Nguze family ? Do your research and come post here" obiero said
When the audit firm reached Ngunze to comment on the account opening, he said: “I guess I was reacting to the status of Dubai Bank as it was topical”. "I have faith in Nguze . " obiero said
The letter was purportedly signed by Mr Ngunze and Mr Mbugua. When asked to comment about the letter, Mbugua denied knowledge of it and said his signature was forged then this Mbugua guy had the balls big enough of an elephant suing kq for wrongful dismissal. Does he face his kids and tell them he is an honest man?
Obiero is Nguze an honest man? I just can't stand someone who over eats stolen food and comes vomiting on my door step asking for more food .he should just resign. Or he will sue kq for defamation of character ? And this deloitte guys why didn't they audit the ticketing dept? That's where main fraud occurred ? Commercial is being audited next... it doesn't make sense that the CEO would be a thief bold enough to remain firm while audit is ongoing. the media have played a big role in dismantling the KQ share @VVS is wrong. @Obiero is right. KQ is the best share to buy. Who wants to buy shares of firms that make profits without all the drama? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/25/2014 Posts: 2,300 Location: kenya
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VituVingiSana wrote:obiero wrote:maka wrote:enyands wrote:According to the report, the KQ Managing Direct Mbuvi Ngunze authorised illegal opening of a KQ account with Dubai Bank " he has backing of president UK " obiero auto corrected me
The letter was signed by the Group Managing Director and CEO Mbuvi Ngunze and the then Finance Director Alex Mbugua.”" He has backing of president UK?Do you know the Nguze family ? Do your research and come post here" obiero said
When the audit firm reached Ngunze to comment on the account opening, he said: “I guess I was reacting to the status of Dubai Bank as it was topical”. "I have faith in Nguze . " obiero said
The letter was purportedly signed by Mr Ngunze and Mr Mbugua. When asked to comment about the letter, Mbugua denied knowledge of it and said his signature was forged then this Mbugua guy had the balls big enough of an elephant suing kq for wrongful dismissal. Does he face his kids and tell them he is an honest man?
Obiero is Nguze an honest man? I just can't stand someone who over eats stolen food and comes vomiting on my door step asking for more food .he should just resign. Or he will sue kq for defamation of character ? And this deloitte guys why didn't they audit the ticketing dept? That's where main fraud occurred ? Commercial is being audited next... it doesn't make sense that the CEO would be a thief bold enough to remain firm while audit is ongoing. the media have played a big role in dismantling the KQ share @VVS is wrong. @Obiero is right. KQ is the best share to buy. Who wants to buy shares of firms that make profits without all the drama? Too much drama.
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Rank: Chief Joined: 1/3/2007 Posts: 18,057 Location: Nairobi
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I think Ngunze was handed a rotten lemon by Naikuni. Unfortunately, he kept on Mbugua for 3 years. KQ is screwed. Of course, this is the time to buy as @Obiero says. Don't listen to @VVS and his slew of profitable firms/choices like: KenolKobil - Who needs a firm that is expected to make record profits in 2016? KenRe - Record profits in 2016? I&M - Who needs to buy banks that are profitable making record profits (1Q 2016)? Unga - Who needs to buy shares in a FMCG firm that is expanding & making profits? Stick with KQ. It's more fun to own shares in a firm that loses cash year in, year out... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 3/2/2009 Posts: 26,325 Location: Masada
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Sub 2 bob is now a done deal. Portfolio: Sold You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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Impunity wrote:Sub 2 bob is now a done deal. the hello here appears to be a paid hand out to tarnish KQ. indeed it is sad that KQ dealt with such a shaddy bank but I await an official response to the full report. what is happening at KQ is very good HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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obiero wrote:Impunity wrote:Sub 2 bob is now a done deal. the hello here appears to be a paid hand out to tarnish KQ. indeed it is sad that KQ dealt with such a shaddy bank but I await an official response to the full report. what is happening at KQ is very good Wish you knew how bitter the staff are right now...they work like donkeys then some few f***ers just loot the company coffers...that Itegi guy has built some houses for sale at Utawala now it sin the open where he got that cash...its really painful...I rem posting her about the FX manipulation by the finance guys the first time this was brought to light was in 2014 no one bothered to investigate...why?Alex was also in it a very tight buddy of Itegi and covered up for him..anyway wait for it there is waaaaaayyyyy more to come. possunt quia posse videntur
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Rank: Veteran Joined: 4/4/2016 Posts: 1,996 Location: Kitale
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Nguze should not have been entrusted with the kq turnaround strategy in the first place.The implementation was vague.Heathrow slot was the heart of kq.You cant sale your own soul and convince me that you will still be alive. Towards the goal of financial freedom
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Rank: Chief Joined: 1/3/2007 Posts: 18,057 Location: Nairobi
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obiero wrote:Impunity wrote:Sub 2 bob is now a done deal. the hello here appears to be a paid hand out to tarnish KQ. indeed it is sad that KQ dealt with such a shaddy bank but I await an official response to the full report. what is happening at KQ is very good Blaming the 'hello' for a firm run into the ground. @Obiero - Please come clean. 1) Do you get any free/discounted flights on KQ? 2) Do you get any free/discounted upgrades on flights on KQ/Skyteam? 3) Do you get any remuneration [cash/perks/freebies] on KQ? Just asking. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/25/2014 Posts: 2,300 Location: kenya
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VituVingiSana wrote:obiero wrote:Impunity wrote:Sub 2 bob is now a done deal. the hello here appears to be a paid hand out to tarnish KQ. indeed it is sad that KQ dealt with such a shaddy bank but I await an official response to the full report. what is happening at KQ is very good Blaming the 'hello' for a firm run into the ground. @Obiero - Please come clean. 1) Do you get any free/discounted flights on KQ? 2) Do you get any free/discounted upgrades on flights on KQ/Skyteam? 3) Do you get any remuneration [cash/perks/freebies] on KQ? Just asking. been wondering too obiero why are you aggressively marketing KQ even when its clear there is a problem sir... what is this you are seeing that we aren't seeing?? already up there you are saying whats happening is a "good thing" really ??
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Rank: Veteran Joined: 4/4/2016 Posts: 1,996 Location: Kitale
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enyands wrote:VituVingiSana wrote:obiero wrote:Impunity wrote:Sub 2 bob is now a done deal. the hello here appears to be a paid hand out to tarnish KQ. indeed it is sad that KQ dealt with such a shaddy bank but I await an official response to the full report. what is happening at KQ is very good Blaming the 'hello' for a firm run into the ground. @Obiero - Please come clean. 1) Do you get any free/discounted flights on KQ? 2) Do you get any free/discounted upgrades on flights on KQ/Skyteam? 3) Do you get any remuneration [cash/perks/freebies] on KQ? Just asking. been wondering too obiero why are you aggressively marketing KQ even when its clear there is a problem sir... what is this you are seeing that we aren't seeing?? already up there you are saying whats happening is a "good thing" really ?? thanks enyands and vvs.its not the 'hello' that opened the account at dubai bank.its nguze who odered it.Obiero should blame Nguze,the hello is innocent. Towards the goal of financial freedom
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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obiero wrote:Impunity wrote:Sub 2 bob is now a done deal. the hello here appears to be a paid hand out to tarnish KQ. indeed it is sad that KQ dealt with such a shaddy bank but I await an official response to the full report. what is happening at KQ is very good http://www.businessdaily...0/-/2q2v88/-/index.html
@obiero yawa! Ngoja share price ishuke vuzuri ndio ununue namimi at 2/-. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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