Auditor-General Nancy Gathungu has once again raised concerns over Central Bank of Kenya’s (CBK) legal breach operating with seven instead of 11 directors and the absence of a second deputy governor.
Ms Gathungu said in her latest CBK audit report for the year ended June 30, 2021, the banking regulator has four non-executive directors despite the law demanding that President Uhuru Kenyatta appoints eight of the board members.
