On Tuesday, Dr Njoroge was required to appear before the House committee on Implementation to explain why he had failed to publish the regulations. The CBK governor was appointed in June 2015 for a renewable term of four years. What infuriated MPs, however, is that more than six months down the line, the CBK boss is yet to comply with the law. Dr Njoroge instead chose to issue guidelines in form of memos and circulars to the banking industry, which MPs dismissed as illegal. Last week, House committee on Finance and National Planning chairman Joseph Limo (Kipkelion East) — faulted the CBK boss’ actions.

Source: Daily Nation March 12, 2019 22:35 UTC