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CBK governor in trouble with lawmakers again

07 September 2012, 08:55

Nairobi - Following a reprimand in Parliament barely a week ago, Central Bank Governor Njuguna Ndung’u could find himself facing another censure Motion in the event MPs find he ignored recommendation of a parliamentary committee to reopen Charterhouse Bank that was closed seven years ago.

According to Capital News, Finance Minister Robinson Githae told the House that he has written to the governor to inform him of the resolutions contained in a parliamentary report by the Finance and Trade Committee probing the closure of the bank in 2010.

Githae further said the committee led by Nambale MP Chris Okemo found out that the allegations of money-laundering and tax-evasion against the bank were unsustainable, and that the Attorney General had told him that he had no powers to order the Central Bank to reopen the bank because the Constitution guarantees the independence of the CBK.

- For more visit Capital News


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