CBK BOSS NJOROGE RESIGNS, PUTS ALL THE BLAME ON GACHAGUA

As President William Ruto continues to restructure his new government, it seems Central Bank of Kenya (CBK) Governor Patrick Njoroge might be the next victim.

Already, National Intelligence Service boss Philip Kamweru, Director of Public Prosecution (DCI) George Kinoti, and the Inspector-General of Police Hillary Mutaymbai have resigned though insiders say the last two were pushed out.

State House operatives have intimated to the People Daily that the inner circle of the President wants Njoroge forced to resign.

He has been accused of being non-committal to the economic agenda of the new government despite recently having fingered the previous administration of Uhuru Kenyatta for attempting to execute a major heist in its last days.

Njoroge said some of the subsidies that Uhuru introduced were intended to embezzle public money.

However, Ruto’s men feel that Njoroge is not the right person for his job.

In fact, Njoroge might have been baited by Deputy President Rigathi Gachagua on Sunday evening when Sunday night when he claimed that CBK did not have enough foreign exchange reserves to buy fuel.

Gachagua alleged that Uhuru’s friends went on a looting adventure, weeks before the General Election.

We have a forex problem because of State capture. Some powerful people in the forex trade own certain banks. CBK was no longer in charge,” he stated.

The statement attracted a quick reaction from Njoroge, who said the country has enough forex to buy fuel for three months, adding that Gachagua should know that oil importers source their foreign exchange reserves from commercial banks and not CBK.

Njoroge’s press release appeared to embarrass the second in command, attracting instant backlash from Senate Majority Leader Samson Cherargei.

“To all State agencies/officers ie CBK, stop responding to our DP Gachagua through social media/media/pressers; its bad manners/ethics. There are better channels to communicate on government issues and it is about respect to the office,” the Nandi Senator wrote on Twitter.

Those in the know hint that the long game might have been getting an excuse to put more pressure on Njoroge on grounds that he was not respecting the Office of the Deputy President.

If CBK fails to resign, most likely he will be subjected to a tribunal to grill for ineffectiveness.

Kenya Kwanza economist David and former KCB Chief Executive Officer Joshua Oigara have been suggested to replace Njoroge.

Sourced from people daily

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