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Man has half a million old notes


A 60 year old man Mr. Jullius Mboga a resident of Sirondha village in Siaya county is still in possession of the old 100 notes way past the exchange deadline.

He has the old 1000 notes which are all totaling to half a million shllings.

During an interview with Nation TV the retired mechanic at Brook Bond Kenya Limited in Limuru revealed that he failed to beat the September 30 deadline given by the Central Bank of Kenya.He informed that this money was part of his retirement package.

He withdrew a total of 500,000 and kept it in his house for a month. He continued to say that he went to a hotel but the attendants declined to accept the note.

“I went to a hotel and when I tried paying for the meal with a thousand shillings note, they refused and told me the currency is no longer being used,” said Mr Mboga.

When asked why he did not surrender the old notes before the September 30 deadline, he claimed that he was misled by the reminder by CBK.

“When you look at the newspaper, the reminder stated that ‘Take the thousands shillings to the bank ‘no’. (He misread the last word ‘now’). Up to now, these people have refused to exchange my notes,” said Mr Mboga.

However,his younger brother, Mr Ouko, and sister-in-law Jackline Otieno,have a different side of the story. They  blame neighbours and boda boda riders whom they accuse of misleading Mr Mboga in to not surrendering the cash in time.

“We asked him whether he had one thousand shillings notes in his house before the CBK deadline but he did not want to listen to us. The people who he interacts with outside the home always told him that his brothers will take all his money, so he kept it to himself,” said Mrs Otieno.

The money he holds is among the 7 Million which was on circulation and was not returned by September 30th.