Only President Uhuru Kenyatta knows why CBK has no board, says Rotich

Treasury Cabinet Secretary Henry Rotich addressing the media on situation of Banking sector in the country after Chase Bank was put under receivership, with him is Chief Executive Officer Capital Market Paul Muthaura(l) at KICC when together with CBK Governor and Kenya Bankers Association were present to assure the country that the banking sector is stable. ON 08/04/16 PHOTO: JENIPHER WACHIE

The only person who can tell why Central Bank of Kenya (CBK) does not have a board of directors is President Uhuru Kenyatta. Treasury Cabinet Secretary Henry Rotich said MPs would have to wait for the names of the board members from the President.

The CS said he had no way of knowing when the names would be submitted to Parliament, but all he knew was that the selection process was ongoing and the names would hit the Legislature for approval 'shortly'.