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City Lawyer Leaks The Alleged Rot At CBK Leaving Kenyans Talking

The Central Bank of Kenya is charged with the responsibility of monitoring activities of other commercial banks in the country. The CBK also prints out money to match the economic index which has been witnessed besides offering loans to other commercial banks.

However, the CBK needs approval from the Treasury and Parliament to undertake some of the crucial things such as giving loans.

Flamboyant City Lawyer Ahmednasir has leaked that the CBK has engaged in giving 3 banks interest free loans without approval from Treasury and parliament - a move that is against the law. Ahmednasir has alleged Ksh. 15 billion was given to Mauritius SBM.

" CBK Governor Dr @njorogep in the past 3 yrs gave 3 Banks interest free loans totaling Kshs 50 billion without Treasury & Parliamentary approval.The Auditor General doesn't audit CBK's loan book. For Instance he gave Kshs 15 Billion to Mauritius SBM when he sold them Chase Bank! " Lawyer Ahmednasir said.

Content created and supplied by: Eli.pHD. (via Opera News )

Ahmednasir CBK Central Bank of Kenya Mauritius Treasury

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