Sygoin holding limited Director charged with defrauding NBK 77 million


Sygoin International Holding Limited Director has been has been charged with conspiracy to defraud the National Bank of Kenya more than sh77.9 million .

Alex Madiga Mwanga is accused of committing the offence between July 7 2014 and April 17 2015 at NBK limited Headquarters in Nairobi jointly with another before court.
He pleaded not guilty before Nairobi milimani courts Chief magistrate Francis Andayi.
The two accused persons committed the offence by supplying branded furniture to National Bank of Kenya without a valid contract.
Sygoin is suspected to be fraud because its and physical address is not known and the physical address changed.
The company was introduced to the bank in 2014 by the then Chief Finance Officer seeking the approval to include it among the list of pre-qualified vendors.
The letter is alleged to not have originate from the procurement unit and ought to have been generated by the head of procurement.
The case will be heard on October 6th 2017