Home | News    Saturday 8 October 2016

S. Sudan Lakes state closes down accounts with Kenya bank


October 7, 2016 (RUMBEK) - Authorities in South Sudan’s Lakes state have instructed ministers operating government bank account with the Kenya Commercial Bank (KCB) to immediately close them down.

The state minister of finance, trade and industry, Daniel Gumwel Nhomabur, has confirmed receiving the new abrupt instruction from the national government in Juba.

No explanation was given to the state government about the decision by the national minister of finance and economic planning to close down the governments accounts with the KCB.

Minister Nhomabur further explained that the directive further said all government accounts are to be opened in the Ivory Bank with effect from October.

“We are told by national ministry of finance in Juba to close down all our government accounts [in] KCB [Kenya Commercial Bank]. These instructions are from top authorities in Juba and we have to respect them. All government institutions must open new bank accounts with Ivory Bank with effect [from] this month,” said the state finance minister, Nhomabur

However, KCB Rumbek’s branch manager, John Makoi Marial, said although the bank has received the notification to close down the government accounts, there was still a discussion going on to resolve the matter.

He also revealed that the government has taken huge loans of money from the KCB and also some individual senior government officials took loans from the bank which they have not yet repaid.

The bank official further pointed out that the KCB management and the government will sort out the issues and instruction will be sent to entire KCB branches in South Sudan on how to operate if the government decided to close down their accounts in the bank.

KCB is one of the first foreign banks to establish their branches in South Sudan even before the country became independent in July 2011. It has opened many branches in different states in the young country.

It was unclear what prompted the government to decide to close down its accounts with the Kenya bank.


Comments on the Sudan Tribune website must abide by the following rules. Contravention of these rules will lead to the user losing their Sudan Tribune account with immediate effect.

- No inciting violence
- No inappropriate or offensive language
- No racism, tribalism or sectarianism
- No inappropriate or derogatory remarks
- No deviation from the topic of the article
- No advertising, spamming or links
- No incomprehensible comments

Due to the unprecedented amount of racist and offensive language on the site, Sudan Tribune tries to vet all comments on the site.

There is now also a limit of 400 words per comment. If you want to express yourself in more detail than this allows, please e-mail your comment as an article to comment@sudantribune.com

Kind regards,

The Sudan Tribune editorial team.
  • 8 October 06:24, by Eastern

    The kleptocrats think by hiding their loot in the obscure Ivory Bank, they will escape the wrath of the looming economics sanctions that banks like KCB which are already under scrutiny won’t protect them. What a futile yet desperate attempt!!!!

    repondre message

    • 8 October 10:07, by Midit Mitot

      KCB is the most corruption Bank in South Sudan, let them go back to their unclean country.

      repondre message

Comment on this article


The following ads are provided by Google. SudanTribune has no authority on it.

Sudan Tribune

Promote your Page too

Latest Comments & Analysis

52nd Anniversary of the glorious October 21, 1964 Sudanese revolution 2016-10-21 12:43:46 By Mahmoud A. Suleiman Friday the 21st October 2016 will mark the 52nd Anniversary of the Glorious Sudanese October 21, 1964 Revolution. On that date, my memories go far back to the unique (...)

Chemical Weapons Use in Darfur: The World walks away 2016-10-18 22:12:17 By Eric Reeves Despite overwhelming evidence of Khartoum’s use of chemical weapons in the Jebel Marra region of Darfur (western Sudan), the international community seems to be quietly walking (...)

Resources grabbing in the Nile Basin 2016-10-17 22:57:47 MISUSE, MISMANAGEMENT AND MISINVESTMENTS By Mohamed S. M. Yassin Ting Fa Margherita Chang Luca Iseppi Abstract. Historically the Nile constituted the major source of life for million of (...)


Latest Press Releases

Amnesty urges to investigate chemical weapons Sudan’s Jebel Marra 2016-10-12 12:52:01 Sudan: International chemical weapons investigation urgently needed into horrific Jebel Marra attacksAMNESTY INTERNATIONAL NEWSFLASH 11 October 2016 Sudan: International chemical weapons (...)

UNAMID JSR’s statement read to the media on peace in Darfur 2016-10-10 20:57:56 African Union United Nations Mission in Darfur Though the region of Darfur is relatively peaceful at this time, a small portion of Jebel Marra within Darfur continues to be intermittently (...)

Sudan: No justice for protester killings 2016-09-23 08:03:30 (Nairobi, September 22, 2016) – Sudanese authorities have yet to provide justice to victims of a violent crackdown on anti-austerity protesters in Khartoum in September 2013, the African Centre (...)


Copyright © 2003-2016 SudanTribune - All rights reserved.