Voter bribery by politicians causing shortage of Sh200 notes in Banks
Voter bribery by politicians as we head to the August polls causing a shortage in the circulation of Sh200 notes in Banks.
Interior Cabinet Secretary Dr. Fred Matiang’i has claimed that banks are facing an acute shortage of Sh200 notes after politicians withdrew them for use in voter bribery across the country.
Interior Cabinet Secretary Dr. Fred Matiang’i stated, “The notes are being hoarded by politicians as they strive to influence voters’ decisions ahead of the August 9 election.”
He was speaking at the unveiling of the first Money Laundering and Terrorism Financing National Risk Assessment Report (2021).
Matiang’i urged Kenyans to elect a group of leaders who are committed to combating these crimes in order to spare the nation the deaths and destruction of property incurred during previous terrorist attacks.
“If you put these people into elective positions do you think they will actually firm up the regulatory environment? It is a question we have to ask ourselves,” Matiang’i said.
The CS revealed that during the transition from the old currency to the new one, the government witnessed a phenomenon where car dealers were suddenly exchanging the old notes for the new notes.
“Car dealers changed billions of shillings. How many cars do you need to sell to be able to have billions and all these dealers are friends of senior politicians? They are now the ones financing all these Sh200 and Sh500 notes in the villages and so on,” he said.
He reiterated that this year’s election will be critical in the decisions taken to address the challenge of terror financing and money laundering in the country.
“Either we elect a government that will not fight money laundering because that is its way of life and we will not achieve anything or elect a government that is against money laundering, with integrity and will join all of us in fighting these challenges,” he said.
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