CBK boardroom shake-up faces exit legal headache

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Central Bank of Kenya (CBK) Governor Patrick Njoroge (left) and CBK Chairman Mohammed Nyaoga during the launch of the National Payments Strategy 2022- 2025 at the Serena Hotel Nairobi, on February 23, 2022. PHOTO | DIANA NGILA | NMG

The Central Bank of Kenya (CBK) faces another headache in complying with the law requiring staggered replacement of its directors as the terms of six of the seven board members come to an end.

Two of the seven board members, Governor Patrick Njoroge and Chairman Mohammed Nyaoga will exit on June 17, marking the first round of the directors’ overhaul at the CBK.

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Note: The results are not exact but very close to the actual.