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House team calls for resignation of CBK boss Ndung'u


PIX.jpg


Central Bank of Kenya Governor Prof Njuguna Ndungu at the CBK boardroom.

By ALPHONCE SHIUNDU ashiundu@ke.nationmedia.com
Posted Tuesday, February 14 2012 at 15:57


Members of a parliamentary committee have resolved that the Central Bank Governor Prof Njuguna Ndung'u should resign for his failure to manage the depreciation of the shilling.

The MPs, in a report to the whole Parliament, have asked President Kibaki to set up a tribunal to investigate the governor's "conduct, incapability and incompetence", but before even the President takes action, the governor should own up that he was responsible for the rapid decline of the shilling.

Mr Adan Keynan, the chairman of Parliament's Committee on the Depreciation of the Shilling, tabled the report with the recommendations in the House on Tuesday afternoon soon after parliament resumed its sittings after a six-week break.

"The Committee finds the Governor's conduct and behaviour incompatible with the holder of the office of Governor of the Central Bank of Kenya," the MPs said in the report.

The MPs have also given the commercial banks and the monetary policy committee a three-month ultimatum to make sure that the interest rates are reduced from the current high levels.

"The current interest rates of slightly over 30 per cent charged by banks are unrealistic, harmful and untenable," the lawmakers noted in their report.

It has also recommended that the fine for banks involved in fiscal malpractice be raised from the current maximum of Sh1 million to 50 per cent of the money made or a maximum of Sh20 million, whichever is greater.

More to follow

http://www.nation.co.ke/business/ne...BK+boss/-/1006/1327400/-/gjq2jhz/-/index.html
 
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kwa wenzetu hilo linawezekana ila sio kwetu
Wale pale BoT ukiwauliza wanasema kila kitu kiko salama wakati nchi inaangamia
 
Kenya iko mbele sana wabunge wetu shughuli yao kubwa posho kwanza mengine baadae.
 
Kenya iko mbele sana wabunge wetu shughuli yao kubwa posho kwanza mengine baadae.

Kweli kabisa wako after posho tuu wala sio issue sensitive kama hizi
Hawaoni shilingi yetu inavyozidi kuanguka uchumi unapukutika
pesa serikalini hakuna na kodi inayokusanywa haitufikishi kokote
Ila bado wapo ttuu wanakenua meno kuwa uchumi uko imara
 
last month TRA claimed to exceeds the tax collection target...WHERE AR THE MONEY?...
 
kweli wenzetu kenya kidogo wanafaham uwajibikaji, lakin kwetu duh, utafikiri viongozi wamelogwa hadi avuliwe ndo ajue kazi imemshinda vinginevyo kama nchi ya kwao peke yao.
 
wabongo kwa kusifia wengine balaa,

Nina project yangu hapa imebidi nimuajiri mgeni (mweupe) kwasababu wabongo wana maradhi ya kusifia outsiders..

Kenya parliaments is the most corrupt institution on earth, hapa lazima kuna mshiko hajatoa..
 
wabongo kwa kusifia wengine balaa,

Nina project yangu hapa imebidi nimuajiri mgeni (mweupe) kwasababu wabongo wana maradhi ya kusifia outsiders..

Kenya parliaments is the most corrupt institution on earth, hapa lazima kuna mshiko hajatoa..

Atleast wanajaribu kuibana serikali kuliko hawa wetu wanaochapa usingizi mjengoni na kudai higher pay.
 
This message has been posted in the International forum by a member to our Forum, I just felt compelled to bring it here for attention and encouragement,
The message to the Honorables who frequent this site, man shall not live by working for his stomach alone, but by remembering the wider majority in the poverty striken country like Tz.
Hata sie tunaweza kuwawajibisha watendaji wakuu BOT na Treasury, mfano ni huu:

By ALPHONCE SHIUNDU ashiundu@ke.nationmedia.com
Posted Tuesday, February 14 2012 at 15:57


Members of a parliamentary committee have resolved that the Central Bank Governor Prof Njuguna Ndung’u should resign for his failure to manage the depreciation of the shilling.

The MPs, in a report to the whole Parliament, have asked President Kibaki to set up a tribunal to investigate the governor’s “conduct, incapability and incompetence”, but before even the President takes action, the governor should own up that he was responsible for the rapid decline of the shilling.

Mr Adan Keynan, the chairman of Parliament’s Committee on the Depreciation of the Shilling, tabled the report with the recommendations in the House on Tuesday afternoon soon after parliament resumed its sittings after a six-week break.

“The Committee finds the Governor’s conduct and behaviour incompatible with the holder of the office of Governor of the Central Bank of Kenya,” the MPs said in the report.

The MPs have also given the commercial banks and the monetary policy committee a three-month ultimatum to make sure that the interest rates are reduced from the current high levels.

“The current interest rates of slightly over 30 per cent charged by banks are unrealistic, harmful and untenable,” the lawmakers noted in their report.

It has also recommended that the fine for banks involved in fiscal malpractice be raised from the current maximum of Sh1 million to 50 per cent of the money made or a maximum of Sh20 million, whichever is greater.


http://www.nation.co.ke/business/new...z/-/index.html
 
mojority of our mps are not aware of the current problems facing our beloved country ,because a good number of them are more or less semi illitarate e.g Lyatonga Mrema, Maji Marefu and the likes.
 
mojority of our mps are not aware of the current problems facing our beloved country ,because a good number of them are more or less semi illitarate e.g Lyatonga Mrema, Maji Marefu and the likes.

Lakini Makupa, wananchi walikuwa na machaguo na bado wakawachagua hao (kama waliiba kura hilo ni jambo lingine). Kwa hiyo wanaopaswa kubeba hizo lawama ni wananchi (wapiga kura)
 
Lakini Makupa, wananchi walikuwa na machaguo na bado wakawachagua hao (kama waliiba kura hilo ni jambo lingine). Kwa hiyo wanaopaswa kubeba hizo lawama ni wananchi (wapiga kura)
Mkuu hio ni ukweli mtupu, lakini si unajua tena wapiga kura wengi uwezo wao ni wa mashaka, kwa kweli tuna kazi ndefu kuweza kupata wabunge wenye kuelewa wajibu wao kwa wananchi.
 
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