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Central Bank of Kenya governor has finally fought the good fight to shield Wanjiku from rogue bankers. The story of their pain must have reached God. This is painful! How can a common mwananchi pay his tax while entrusted banks to remit the same evade paying? Indeed, the Central Bank of Kenya (CBK) has demonstrated its capacity to defend the common mwananchi by reigning over rogue banks.
The regulator need to step up the effort and seek ways to weed out shadowy banks and investors who exercise evil control or influence decisions in banks’ lending policies that are not intandem with CBK. Those in violation of the suitability standards, including having a history of fraudulent activities, should face the prospect of forfeiting their banking rights in Kenya and having their shares sold among other penalties to recover monies stolen from innocent depositors whose monies have gone under receivership too!
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