CBK governor names banks responsible for shilling's decline

http://www.ntv.co.ke
Central Bank Governor Professor Njuguna has confided in camera the names of three banks that are alleged to have been involved in malpractices that led to the drastic slide of the Kenya shilling late last year. Pushed to the wall by members of the parliamentary select committee investigating the rapid decline of the Kenya shilling, Ndung'u had no option but to name the banks away from the glare of television cameras and a battery of journalists. In a tense session before the Adan Keynan-led committee, Ndung'u strongly defended the CBK's role in mitigating the currency crisis.

Category:

News & Politics

Tags:

• Ntv
• Kenya
• Central
• Bank
• Governor
• Professor
• Njuguna
• shilling
• slide
• 2011
• parliamentary
• select
• committee
• investigating
• the
• rapid
• decline
• of
• Adan
• Keynan

[M45Sebring]

@kentosh120 what a fuckin idiot you are! Why are you typing in english then??

[jugholder]

Public committee why hide names?

[jmmwai]

Prof Ndung'u, whose interests do you work for: the public who pay you or the commercial banks? How would the disclosure of the malpractices of the banks that affect our economy and the public at large find you in legal tussles by the banks? Do you wait for a thief to give you express authority to arrest him? Mr Keynan take action. Banks are robbing Kenyans, period!

[slytheron]

@kentosh120 A couple of reasons: 1. Its a common language in a country of over 42 languages 2. The education system is to blame.

[kentosh120]

why cant this ppl speak in Swahili? you don't hear Chinese speaking in English on important national issues

[tyondomeet]

@nedatronics Agreed! these journalists arent even half baked, they are not baked at all. heading and contents of the clip are in disagreement. This is NTV.

[karuitha]

prof Njuguna, name the banks and stop protecting them. They need to be exposed so that culprits can be known and prosecuted. even though I know there is fat chance of that never happening, this is Kenya where nobody is ever held responsible for anything. What happened to the shilling is tantamount to treason and no one if found responsible should be spared.

[nedatronics]

So which banks are these you foolish journalists! I wasted my time watching a video that had a misleading title!!!

[MyTragedies1]

Too much forexs that should be closed.