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Youth Village Kenya > Blog > Business > Alarm Raised Over New Kenya Currency As Fake Notes Hit The Market
Business

Alarm Raised Over New Kenya Currency As Fake Notes Hit The Market

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Last updated: 2019/06/12 at 3:32 PM
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A Taxi driver from Moyale, Marsabit County, was nabbed with fake currency while on his normal day business.

The driver known as Boniface Mwangi, had gone to Mpesa with intention of depositing the money, before he was informed by the Mpesa attendant that the money was fake.

Apparently, he claimed that he had been paid sh. 3000 by his client he had taken to neighboring Ethiopia, not knowing part of the cash was fake.

“They (passengers) alighted from a Nairobi bus and said they wanted to cross over to Ethiopia. I took them, waited for them as they shopped and dropped them back at a Mandera-bound bus after which they handed me Sh3,000 as we had agreed,” Kamau narrated.

He said that it was his first time he had handled the cash, which was launched June 1, by Central Bank (CBK) Governor Patrick Njoroge during the Mashujaa fete in Narok County.

“When the M-Pesa agent told me the notes are fake, I went to a bank and it’s then that I was told only Sh1,000 was genuine. They wanted to arrest me but I was lucky because I knew the police officers at the bank. I just explained to them and they understood me,” he said.

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Editor June 12, 2019 June 12, 2019
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