By DAVID MWEREMore by this AuthorMembers of Parliament have threatened to block the reappointment of Central Bank of Kenya (CBK) Governor Patrick Njoroge, accusing him of imposing his own “regulations” on the banking sector, which, they claim, have stifled liquidity in the economy. Dr Njoroge was appointed for a four-year term in June 2015 after vetting by the legislatorsAlthough the CBK Act allows reappointment of the governor for a second term, the MPs have vowed to show him the door. In 2018, MPs passed the Finance Act, which requires the CBK boss to publish regulations governing the banking industry within 30 days of their coming into force. “What the CBK Governor is doing in the financial sector is unacceptable and illegal. You cannot just wake up one morning and do something irregular in the form of a circular to the financial sector.

Source: Daily Nation February 24, 2019 22:52 UTC