Demonstrators in Nairobi protest against alleged looting of funds by prominent leaders and politicians in South Sudan who bank it in Kenyan and Ugandan banks. PHOTO | NMG
South Sudan’s political elite has been accused of hijacking the banking system for personal gain and locking out local businesses and citizens.
Out of the 26 banks operating in South Sudan, 14 are partially owned or controlled by politically exposed persons (PEPs) who exert undue political influence in the banking sector, says a new report by US corruption watchdog, The Sentry.
