
The Central Bank of Kenya (CBK) is in breach of the law as it is operating with seven instead of eleven board directors and without a second deputy governor, Auditor General Nancy Gathungu has warned.
In her latest CBK audit report for the year ended June 30, 2022, the banking regulator has four non-executive directors despite the law demanding that the President appoints eight board members.
Facts First
Unlock bold, fearless reporting, exclusive stories, investigations, and in-depth analysis with The Standard INSiDER subscription.
Already have an account? Login
The Standard Group Plc is a multi-media organization with investments in media
platforms spanning newspaper print
operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a
leading multi-media house in Kenya with a key influence in matters of national
and international interest.