Out of the 50,000 Imperial Bank depositors who were to claim for refund of less than Ksh One Million,about 40,000 customers are yet to make claims to have their money back, Central Bank of Kenya Governor has said.
This comes three weeks after the CBK had released Ksh 8 billion to Kenya Commercial Bank(KCB) and Diamond Trust Bank (DTB) to pay off the depositors.
The two banks were to receive the claims from the IBL depositors and carry out due delligence before issuing the Ksh ‘1Million & below’
According to Central Bank of Kenya governor Patrick Njoroge, only 10,6009(About 21%0 depositors have filed claims to the two banks out of the anticipated 50,000 who had deposits of about Ksh 58 billion as at 30th June 2015.
“Our intention was to take care of the small depositors, who were 80 per cent of the customers, to get a full amount, while the large depositors get part of their money as we look at the loans owed to the bank before making another decision in March next year,” said Njoroge.
‘Out of the claims received, 6,600 depositors have already been paid their money while another batch of around 1,500 claims is currently undergoing processing and will be paid before Christmas after verification has been done.Furthermore,about 1,900 claims have raised issues after scrutiny and the claimants have been contacted to provide more information before they can be paid.’ The CBK Boss said while accompanied by KCB and DTB chief executives.
‘Another 500 claimants had made duplicate claims which may have arisen possibly because they doubted whether the first claim had gone through the system,We are looking forward to make payments to all the genuine claimants. We will ensure that once the verification and validation has been done, the remaining depositors who have sent their details will have their money in the next two days.’ Added the Governor .
He was also concerned that some depositors are unwilling to reclaim their cash running into billions of shillings.
