David Ndii Reveals the truth about the 17 billion Fake Currency

Flying Squad intercept Ksh.2 billion in a safe inside Barclays Bank

On Tuesday, news broke that Flying Squad Detectives had nabbed sh 17 billion in Fake Currency at the Barclays Bank, Queens Way Branch along Mama Ngina Street.

Media houses ran with this story despite the fact that the police and DCI had not confirmed anything. They said the money belonged to a politician and that three people; two Kenyans and a foreigner had been arrested.

But Economist David Ndii, has doubted has such huge amounts of fake currencies are being nabbed without being in circulation.

Last month, police intercepted 32 billion at a house in Ruiru.

“Something is not adding up with these huge fake currency hauls. If there was that much fake currency around, we would be encountering it more frequently in circulation. Could this be a cover for confiscating a certain politician’s cash hoard?” Ndii said.

“Now, lets talk counting. Google research tells me machines count on average 1000 notes a minute. Works out to 283 machine hours without reloading, lets say 300 hours with reloading. 12 machines, for 24 hours non-stop. Is DCI daft, or they are telling us something?”

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