The programme has been jointly designed by Standard Bank Group, which Stanbic Bank Kenya is a member of, and Industrial Commercial Bank of China (ICBC).
The disclosure is against the backdrop of the recent clampdown by the anti-graft agency, sealing houses, filling stations, residential buildings and other properties it said had been traced to Mr Nwaoboshi.
These documents, in particular the first two, appeared to indicate willingness on the part of regulators to strengthen some of the weaker areas of corporate governance and responsible investment oversight.
Alain Ebobissé, CEO at Africa 50, noted that the organisation had made significant progress over the years and built an effective partnership with several African countries.
He is alleged to have been aware that several invoices which were presented by service providers were fabricated, in that the services were not rendered and he went on to authorise payment of those invoices without verifying that the work had been done.