You can say that at the comfort of the keyboard. if it is your Kes 0.85b, it is lost until recovered!!!

Lost also interms of opportunities and time value!!!

Are you talking about the one hapo Garden Estate/Ridgeways. If it is the one, that place is major! The gate might mislead you but once you get inside you realize how vast the place is. At the prices land is going for in Ridgeways/Garden Estate, the land alone must be worth between 350m and 500m.

A large percentage of fixed deposits has already been lent out and those loans are currently not being paid due to all the confusion. With everyone wanting their money, if you have close to a billion you may have to wait for a number of months for shareholders to add more capital or people to pay up their loans. Reputation has already been damaged, nobody is putting their money there any time soon

I hate agreeing with murchr but on this one, there's no choice.

I remember posting here and asking if Chase Bank doesn't have reputation managers and blackhatters working for them.

Because it was obvious what was happening. I remember being abused here when I said akina nyakundi would bring that bank down.


Let no one cheat you.

There's no perfect bank. All banks depend on trust!!!

If rumors start going out, there's no bank with a perfect NPL that can survive.

Chase Bank had problems. Big problems. The CBK knew about it since last year. The gov't knew about it since last year. Wazua claims to be sharp and started talking about it last week. I have proof that I starte d talking about it in November.

But the know it all economists were very quick to just tell people.....Go remove your money!

These people should also be in jail. Like yesterday!

In economics there's nothing like helping your friend avoid being scammed AFTER you participated in a bank run.

I had said it and now you can see the truth coming out. Chase Bank had 8 billion shillings in withdrawals in one day.

If the fire screamers in facebook had kept quiet for 3 days, it would still be working.

And the same directors would have still been fired and still wanted by the CID head. And no business would have had a problem paying their loans.

Sometimes I wonder about the education levels in this country. I really do.

I stick to the green zone but really disappointed by the blue zone. As if their companies are perfect, don't have loans and are doing wonderous things with people's money.

Guys like Alai just want to stroke their ego. Ohhh I bank with KCB, the same bank that stole his phone. Upus kabisa.

Let the thieves go to jail, let a good thing continue. You are behaving like the fellows who say that since matatus have accidents, you shall never enter one.

Chocho media killed it and this shall be a case study in someone's phd thesis.

unfortunately I don't support the regulation route. It's a stupid route and can only fail.

Just imagine

Your daughter is in love with some fool from your kalocal.

If you tell her to leave the fellow, she leaves your house at night.

That doesn't work most of the time, just like regulation.

But

If you hired a few malayas from karumaindo for 4 weeks, your daughter will come back...Unless of course the fellow is a saint, in which case, shauri yako.

Guys like Alai, Nyakundi, etc can only be handled with tough love. That's all I've got to say about that.

But it's my honest belief that the company would have survived.

But getting kids for chocho media marketing really has to stop.

Can you imagine, Ahmednassir retweeting Nyakundi? I mean what does that tell you?

Where's the phd thesis or Impunity and Mawinder to talk about kyuks?

I can only imagine the stress these fellows were having when chocho media told people "toeni pesa". As if they, the chocho media fellows, have never tried to correct a problem without their wife knowing about it.

Economics is not siasa....Runs on banks, I shall never support even when its obvious I shall never vote for this gov't or the next one. Never ever play around with money. It's not a political tool. It always comes back to bite you....

What the hell are we going to do with 2000 jobless educated, sharp and motivated employees as you shout ohhhhh shut it down?

One major lesson I've learnt in life is that in a big screw up, EVERYONE involved usually shares blame. In this case, the bank, the directors, social media influencers and panicky depositors all share the blame. No use pointing fingers.

They were in the dark like everyone else, the loans were taken in 2015 the only way they would have known about this was through an audit.

The directors of this bank were on the wrong, yes but, it was completely uncouth for the bloggers who know zilch about the health of the bank, to spread unfounded rumors. The CBK gov told everyone that apart from un recorded loans everything else was ok.

Chase was operating normally, the withdrawal of close to 8BN was catastrophic. People don know that once you give your bank money, it lends it to someone else for interest

These delloitte bastards feature on every scandal. Werent they the same auditors wa mumias and kq ama ?? I wonder alot with this auditors auditing banks ? Cbk should their own team of auditors too .Opus is off the blame. He came in recently and he is doing cleanup .kalyenge is that previous govornor called ndungu. He is to be blamed in all this . Blame foundation not the roofing .you give a bad foundation then the roofing will fall off. Ndungu has been hiding all this under the carpets till his own personal wife was given special treatment na former imperial bank MD .what's that kama sio matope

Eti everything else was okay?Please.

With a singol director taking home 8 billion "grant" without telling anyone how he will repay it....wacheni ushenzi.

Defending the indefensible. Thieves were caught, next stage is they refund the money & jail them. rest is sideshows!!!