CBK exonerates officials from Eurobond funds scandal

CBK exonerates officials from Eurobond funds scandal

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Central Bank of Kenya chairman Mohamed Nyaoga.

The Central Bank of Kenya CBK has denied allegations of involvement of its officials in the Eurobond funds scandal.

CBK board also exonerated its chairman Mohamed Nyaoga from the allegations that he participated in the misappropriation of the funds terming them as erroneous and baseless.

“Mr Mohammed Nyaoga was appointed as the Chairman of CBK board on 19th January 2015 and had no access to or participation in the Eurobond matter” says the board through a brief statement sent to press few hours after Cord Leader Raila Odinga released the name of shame list of those suspected to have participated in the Eurobond scandal.

On its staff members linked to the scandal, the CBK board said staff have also cooperated fully in all stages of recent investigations in the Eurobond matter and that as a banker to the government , CBK has provided all evidences requested by investigation agencies on the receipt and reimbursements of the funds.

“The allegations that CBK officials were involved in any misappropriation of these funds have no base and erroneous “ the statement continued .

The CBK board chairman Mr Nyaoga, the bank Accountant Bernard Ndungu, Moses Muthui and John Birek all managers of the bank as culprits in the scandal.

Raila named 8 top government officials including CS Treasury Henry Rotich and Head of Public Service in office of President Joseph Kinyua to the misappropriation of more than kshs 140 billion of the eurobond funds.

The opposition chief also demanded for the resignation and prosecution of all those officials.