CBK Governor Rejects Raila Odinga’s Invite to Discuss EuroBond

CBK Governor Rejects Raila Odinga’s Invite to Discuss EuroBond


Central Bank Governor Patrick Njoroge has refused to meet CORD leader Raila Odinga.

The CBK Governor had been asked by the opposition leader to meet him to discuss the sh400 billion Euro-bond and the use of the controversial sh250 billion that had allegedly been misappropriated.

But the CBK Governor says that he has nothing to tell the CORD leader as the relevant details of the transactions are available at Treasury. Njoroge said that details are found at treasury and that he can access them upon request.

The CORD leader has for the last 6 months pushed forward claims that the funds have been misused by the government. A recent report stated that sh120 billion from the Euro-bond had been used to clear debts accrued by the previous government.

Treasury CS Henry Rotich told a Parliamentary Committee that the funds use had been necessary because the debts were due to be serviced.

Treasury has always refused reports that the bond had been misused by the government saying that they have been invested in infrastructure projects


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