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New Generation Bank Notes
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TNT
#51 Posted : Monday, June 03, 2019 1:11:31 PM
Rank: Member

Joined: 5/22/2009
Posts: 206
Kusadikika wrote:
What is to prevent someone doing church harambees for the next 15 weekends and giving 300 million at each harambee. Bishop and congregation are present and they participate in Harambee. Is there any legal requirement for congregation to declare where they got church harambee money? Do they even have to declare how much they give? I am sure a pastor will be quick to preach "do not let what the right hand know what the left hand is doing" scripture. Now the church has the money. Bishop shows up with 3000 million cash at a bank and declares "ni mchango wa kanisa". All legit. Which bank will be the first to refuse to bank for a church. Once in the system church goes on a spending spree buying real estate and building apartments and townhouses.
Interesting. The church could actually be the best vehicle to launder cash in Kenya, probably even better than a foundation or a betting company/casino.
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2012
#52 Posted : Monday, June 03, 2019 1:12:18 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
I'm very sceptical. Of course the lack of trust in our government to oversee this process doesn't help either. But I believe they know where all these money is, they know under whose 'matresses' because these are not monies people just withdraw over the counters in sacks like Kabura(who is still roaming free), this is money that is withdrawn with cars and trucks from strong rooms. So wawache kiswahili miingi... I'm also beginning to doubt if that 'fake' cash that was recovered in Barclays was really fake...
BBI will solve it :)
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  | | Edit by user: Monday, June 03, 2019 1:14 PM | Reason: Not specified
Gathige
#53 Posted : Monday, June 03, 2019 1:31:07 PM
Rank: Elder

Joined: 3/29/2011
Posts: 2,242
TNT wrote:
Kusadikika wrote:
What is to prevent someone doing church harambees for the next 15 weekends and giving 300 million at each harambee. Bishop and congregation are present and they participate in Harambee. Is there any legal requirement for congregation to declare where they got church harambee money? Do they even have to declare how much they give? I am sure a pastor will be quick to preach "do not let what the right hand know what the left hand is doing" scripture. Now the church has the money. Bishop shows up with 3000 million cash at a bank and declares "ni mchango wa kanisa". All legit. Which bank will be the first to refuse to bank for a church. Once in the system church goes on a spending spree buying real estate and building apartments and townhouses.
Interesting. The church could actually be the best vehicle to launder cash in Kenya, probably even better than a foundation or a betting company/casino.
@TNT, In Money Laundering, you clean the cash and its gets back to you as legit. In a mchango, the illegit passes to the church and it becomes legit but the launder losses it.
"Things that matter most must never be at the mercy of things that matter least." Goethe
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TNT
#54 Posted : Monday, June 03, 2019 1:34:00 PM
Rank: Member

Joined: 5/22/2009
Posts: 206
Gathige wrote:
TNT wrote:
Kusadikika wrote:
What is to prevent someone doing church harambees for the next 15 weekends and giving 300 million at each harambee. Bishop and congregation are present and they participate in Harambee. Is there any legal requirement for congregation to declare where they got church harambee money? Do they even have to declare how much they give? I am sure a pastor will be quick to preach "do not let what the right hand know what the left hand is doing" scripture. Now the church has the money. Bishop shows up with 3000 million cash at a bank and declares "ni mchango wa kanisa". All legit. Which bank will be the first to refuse to bank for a church. Once in the system church goes on a spending spree buying real estate and building apartments and townhouses.
Interesting. The church could actually be the best vehicle to launder cash in Kenya, probably even better than a foundation or a betting company/casino.
@TNT, In Money Laundering, you clean the cash and its gets back to you as legit. In a mchango, the illegit passes to the church and it becomes legit but the launder losses it.
And how difficult is it to start, buy or control (corrupt) a church in Kenya?
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  | | Edit by user: Monday, June 03, 2019 1:36 PM | Reason: Not specified
Lolest!
#55 Posted : Monday, June 03, 2019 1:40:26 PM
Rank: Elder

Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
Simon Mbugua (MP) & Okiya Omtatah have already moved to court separately to block the issuance of new notes
Laughing out loudly smile Applause d'oh! Sad Drool Liar Shame on you Pray
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Lolest!
#56 Posted : Monday, June 03, 2019 1:43:17 PM
Rank: Elder

Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
TNT wrote:
Gathige wrote:
TNT wrote:
Kusadikika wrote:
What is to prevent someone doing church harambees for the next 15 weekends and giving 300 million at each harambee. Bishop and congregation are present and they participate in Harambee. Is there any legal requirement for congregation to declare where they got church harambee money? Do they even have to declare how much they give? I am sure a pastor will be quick to preach "do not let what the right hand know what the left hand is doing" scripture. Now the church has the money. Bishop shows up with 3000 million cash at a bank and declares "ni mchango wa kanisa". All legit. Which bank will be the first to refuse to bank for a church. Once in the system church goes on a spending spree buying real estate and building apartments and townhouses.
Interesting. The church could actually be the best vehicle to launder cash in Kenya, probably even better than a foundation or a betting company/casino.
@TNT, In Money Laundering, you clean the cash and its gets back to you as legit. In a mchango, the illegit passes to the church and it becomes legit but the launder losses it.
And how difficult is it to start, buy or control (corrupt) a church in Kenya?
Interesting point @TNT. Who'd even verify it's a church? You could register Kanisa la Fimbo ya Musa, deposit pesa kidogo then claim there was a mega fundraising
Laughing out loudly smile Applause d'oh! Sad Drool Liar Shame on you Pray
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Gathige
#57 Posted : Monday, June 03, 2019 1:43:31 PM
Rank: Elder

Joined: 3/29/2011
Posts: 2,242
TNT wrote:
Kusadikika wrote:
What is to prevent someone doing church harambees for the next 15 weekends and giving 300 million at each harambee. Bishop and congregation are present and they participate in Harambee. Is there any legal requirement for congregation to declare where they got church harambee money? Do they even have to declare how much they give? I am sure a pastor will be quick to preach "do not let what the right hand know what the left hand is doing" scripture. Now the church has the money. Bishop shows up with 3000 million cash at a bank and declares "ni mchango wa kanisa". All legit. Which bank will be the first to refuse to bank for a church. Once in the system church goes on a spending spree buying real estate and building apartments and townhouses.
Interesting. The church could actually be the best vehicle to launder cash in Kenya, probably even better than a foundation or a betting company/casino.
@TNT, In Money Laundering, you clean the cash and its gets back to you as legit. In a mchango, the illegit passes to the church and it becomes legit but the launder losses it.
"Things that matter most must never be at the mercy of things that matter least." Goethe
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Queen
#58 Posted : Monday, June 03, 2019 1:58:05 PM
Rank: Member

Joined: 11/21/2018
Posts: 564
Location: Britain
Lolest! wrote:
Simon Mbugua (MP) & Okiya Omtatah have already moved to court separately to block the issuance of new notes
Whereas Okiya is doing it out of service to humanity, we all know who Simon Mbugua represents. Kanukeee!
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Njunge
#59 Posted : Monday, June 03, 2019 3:09:52 PM
Rank: Elder

Joined: 2/7/2007
Posts: 921
Queen wrote:
Lolest! wrote:
Simon Mbugua (MP) & Okiya Omtatah have already moved to court separately to block the issuance of new notes
Whereas Okiya is doing it out of service to humanity, we all know who Simon Mbugua represents. Kanukeee!
They may succeed in stopping the issuance of new notes but can they stop de~legalizing of the 1K note?
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Kusadikika
#60 Posted : Monday, June 03, 2019 3:45:41 PM
Rank: Elder

Joined: 7/22/2008
Posts: 2,723
Njunge wrote:
Queen wrote:
Lolest! wrote:
Simon Mbugua (MP) & Okiya Omtatah have already moved to court separately to block the issuance of new notes
Whereas Okiya is doing it out of service to humanity, we all know who Simon Mbugua represents. Kanukeee!
They may succeed in stopping the issuance of new notes but can they stop de~legalizing of the 1K note?
I believe the new notes have already been issued so if the judge maintains status quo it means it is easier to obtain judgement against demonetizing the old notes. I can also foresee many cases of ukora coming in. Imagine a case of biashara people who sell things on credit. You give goods and the guy pays a few months later. The writing on all notes new or old reads "legal tender for 1000 shillings." Someone owes you 1 million and then on October 15th he comes and gives you your 1 million in old notes. If he is conniving enough he can film the entire exchange coming into your office and putting 1 million cash on the table and then leaving. Of course you will be protesting and saying this is not legit. He leaves the money with you and runs away and says, "take me to court, I have paid your money." Of course cases are not determined on the spot so there will be a case in court for years in which you claim you gave the man goods worth 1 million and he never paid you. He will say he actually paid you. He will claim he does not manufacture money and only uses the legal tender issued by CBK. The notes he gave you back were legal tender. There is no expiration date written on the note etc etc.
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  | | Edit by user: Monday, June 03, 2019 3:47 PM | Reason: Not specified
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