Kenya: Bank Governor, Minister Faulted in Money Deal
The Parliamentary Accounts Committee has deemed Transport Minister Amos Kimunya and Central Bank Governor Njuguna Ndung'u unfit for office and called for an investigation into the loss of Sh1.8 billion in a currency-printing contract.
The Star, 2 August 2012
Cabinet minister Amos Kimunya and Central Bank of Kenya governor Njuguna Ndung'u are unfit to hold office, a parliamentary committee has concluded. read more »
Kenyan currency (file photo): Kenya's Public Accounts Committee concluded that the decision to terminate a long-term currency printing contract in favor of four short-term contracts cost taxpayers more than Sh1.8 billion.
Capital FM, 2 August 2012
Currency printing firm De La Rue has once again defended itself over the allegations of overcharging the government to produce bank notes between 2007 and 2011 which cost the ... read more »
The Star, 30 May 2012
THE Public Accounts Committee has come under sharp criticism over its failure to release the draft report of the De La Rue money printing tender saga. read more »