Re: [kictanet] Bloggers and Social Media are not to blame for the Chase Bank crisis
I think people should embrace social media rather than complain about it. Social media is part of us and nobody has control regrading what it will spew out there the next minute. I can only compare it to a natural phenomena like earthquake. What organisations need to do is put their act together because we are now in the days foretold by the good book when "everything hidden will come out to light" Rgds, James Kagwe On Apr 9, 2016 1:28 PM, "James Wamathai via kictanet" < kictanet@lists.kictanet.or.ke> wrote: http://www.blog.bake.co.ke/2016/04/09/bloggers-and-social-media-are-not-to-b... "The continuous and sustained efforts to blame bloggers for the financial turmoil at Chase Bank cannot continue unabated. A statement from the Central Bank of Kenya (CBK) blamed bloggers stating “Chase Bank Limited experienced liquidity difficulties, following inaccurate social media reports and the stepping aside of two of its directors.” Nothing can be further from the truth. Chase Bank was put under receivership on 7th April, 2016 for liquidity challenges due to lack of integrity by the management. None of the top directors; the Chairman and the Chief Executive are bloggers. No blogger or social media user was the recipient of the huge loans the directors and staff of the bank gave themselves, against banking regulations." _______________________________________________ kictanet mailing list kictanet@lists.kictanet.or.ke https://lists.kictanet.or.ke/mailman/listinfo/kictanet Unsubscribe or change your options at https://lists.kictanet.or.ke/mailman/options/kictanet/kagwejg%40gmail.com The Kenya ICT Action Network (KICTANet) is a multi-stakeholder platform for people and institutions interested and involved in ICT policy and regulation. The network aims to act as a catalyst for reform in the ICT sector in support of the national aim of ICT enabled growth and development. KICTANetiquette : Adhere to the same standards of acceptable behaviors online that you follow in real life: respect people's times and bandwidth, share knowledge, don't flame or abuse or personalize, respect privacy, do not spam, do not market your wares or qualifications.
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James Kagwe