Another reason Prof. Njuguna Ndungu should be sacked

Apart from failing to inspire confidence in the financial sector that the
Central Bank can stabilize the Kenyan shilling there is another reason for Prof.
Njuguna Ndungu to leave office as Governor of the Central Bank of Kenya.  He is
clearly debarred from continuing in office under Chapter 6 of the Constitution
having been found guilty of lying to the public and official institutions about
the notorious sale of the Grand Regency Hotel.

The Cockar Report prepared after the hearings by the Commission of Inquiry into
the sale of the Grand Regency Hotel makes damning findings regarding the conduct
of high ranking public officers including the former Minister of Finance and the
current Governor of the Central Bank of Kenya.  The Cockar Report “finds the
entire transaction tainted with misrepresentation and deception to such an
extent as to warrant specialised investigation by the Attorney General and other
relevant institutions into the bona fides of the purchaser and other aspects of
the transaction.”  3 years have now passed since President Kibaki received
this report and no action has been taken against the public officers, not least
against the Governor of the Central Bank of Kenya whose contract was extended in
March 2011.  Kenyans are unaware of any attempt by Kenya’s investigative
bodies…..

Read Full Post here: http://blog.marsgroupkenya.org/?p=2629 

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