Dubai Bank whistleblower warns that Equity Bank will collapse & Kenyans will lose billions.

According to Juma, who is a billionaire, Equity Bank is a financial time bomb waiting to explode. He said the bank is run like a “ponzi scheme” of gigantic proportions.

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Friday August 28, 2015 – When City businessman, Jacob Juma, warned Kenyans against banking with Dubai Bank, many people did not take him seriously but what happened 2 weeks ago vindicates his believe that the institution’s operations were questionable. Juma has now warned Kenyans against depositing their money with Equity Bank because the bank can collapse any time like Dubai Bank.

According to Juma, who is a billionaire, Equity Bank is a financial time bomb waiting to explode. He said the bank is run like a “ponzi scheme” of gigantic proportions.

“The next Ponzi Scheme bank to collapse will be Equity Bank. The bank is protected by State Presidents. It’s a ‘one-man show bank’. Ponzi Scheme Banks normally collapse when their godfathers exit scenes of protection. Dubai Bank collapsed when former CBK Governor Ndung’u left,” the billionaire said.

Juma asked Equity Bank Chief Executive Officer, James Mwamgi, to hand…

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