CBK boss bows to MPs' pressure - News Summed Up

CBK boss bows to MPs' pressure


Dr Njoroge was to appear on Tuesday before the House Committee on Implementation to explain why he had not done so. SANCTIONSBut even as Dr Njoroge showed commitment, Mr Kenta directed that he appears before the committee within 14 days or face sanctions. “The governor is saying that they will be implementing the law and they will meet us in two weeks. What infuriates MPs, however, is that more than six months down the line, Dr Njoroge is yet to comply with the law. He has instead issued guidelines in form of memos and circulars to the banking industry, which MPs have dismissed as illegal.


Source: Daily Nation March 12, 2019 16:19 UTC



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