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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.

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    The Parliamentary Accounts Committee (PAC) says Transport Minister Amos Kimunya and Central Bank Governor Njuguna Ndung'u are not fit to hold office over the loss of Sh1.8 billion… Read more »

Lauren Everitt/AllAfrica

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.

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