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CBK boss refuses Raila apology, set to head to court

24 January 2016, 09:55 William Korir

Nairobi - CORD leader Raila Odinga is set for a court battle after CBK Chairman Julius Nyaoga refused to take his apology for naming him on the Eurobond list of wrongdoers.

Nyaoga has repeatedly stated that he will take Odinga to court for naming him on the said list and looks set to head to seek redress this week after he refused to acknowledge the CORD leader's apologies.

Raila had named Nyaoga in the list of 10 people who he said were to be blamed for messing up the KES 400 billion Eurobond.

Nyaoga, through his lawyer Ken Ogeto says that his client was named CBK Chair a year after the Eurobond transactions were launched and that he had nothing to do with its handling.

" We note with deep concern that in mentioning our client adversely there was no slightest effort on your part to provide any substantiation and/or particulars regarding the role our client may have played in the alleged scandal," he said in a letter seen by News24 to the CORD leader.

Read alsoTobiko orders Eurobond files re-investigated

And in an effort to clear the air on the matter, Odinga's lawyer Paul Mwangi said that on the list were persons holding key offices in the various departments tasked with handling the bond.

But with Nyaoga insisting that he was hard done by, Raila took to a public forum on Thursday to clear the CBK chair's name.

" We just put his name there by virtue of his position. He is the chairman of the Central Bank. What we said is that, as the chairman of the Central Bank, he has a public duty to convene meetings of the board and to discuss these issues and to guide the public. We never said he was involved in any way in a negative sense," he said.

But Nyaoga is having nothing of it.

" The matter will be in court next week. The Chairman is unhappy as he says he has built a 20 year reputation which has been tarnished for political gain," an aide to the CBK boss says.

At the moment, it is not yet clear whether the other persons named in the list will also head to court to seek redress.

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- MyNews24

Disclaimer: All articles and letters published on MyNews24 have been independently written by members of News24's community. The views of users published on News24 are therefore their own and do not necessarily represent the views of News24. News24 editors also reserve the right to edit or delete any and all comments received.

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