News / Africa

Officials: Kenya Central Bank Chief Faces Abuse of Office Charges

FILE - Kenya's Central Bank Governor Njuguna Ndung'u speaks to Reuters during an interview at his office in Nairobi.
FILE - Kenya's Central Bank Governor Njuguna Ndung'u speaks to Reuters during an interview at his office in Nairobi.
Reuters
— Kenya's chief prosecutor has ordered an anti-graft agency to charge the central bank governor with abuse of office, a move that would force him to step aside at a time of turbulence in emerging markets, officials and newspapers said on Tuesday.

Governor Njuguna Ndung'u issued no immediate comment but a senior central bank source, who asked not to be named, told Reuters that the accusations against the governor were false and said the newspapers had misrepresented the facts.

“I have looked at the file and returned it to the EACC [Ethics and Anti-Corruption Commission] with the directive to charge,” the director of public prosecutions, Keriako Tobiko, told the Daily Nation newspaper.

Such a step would create uncertainty in east Africa's biggest economy at a time when many emerging markets are being buffeted by the U.S. plan to reduce stimulus spending, although Kenya and its currency have so far felt little impact.

The prosecutor's media office confirmed the comment and also confirmed other details in the Daily Nation and its sister newspaper Business Daily that said the case related to the award of a 1.2 billion shilling [$14 million] tender for installing security software at the central bank.

A spokesman at the anti-graft commission said the EACC was aware of the prosecutor's note to charge the governor and that he would be summoned before being taken to court. The governor should be charged within 24 hours of being summoned by the EACC, the spokesman added.

It was not immediately clear when the governor would be summoned.

Ndung'u, who took the job in 2007, previously weathered a political storm in 2012 after parliament tried to oust him over currency turmoil in 2011 when the shilling was devalued and inflation soared.

You May Like

China Investigates Former Powerful Security Chief

Former security chief and member of Politburo Standing Committee, Zhou Yongkang, under investigation for suspected 'serious disciplinary violation' More

India, US Look to Reset Ties During Kerry Visit

This week's talks will be first high level interaction between two countries since Prime Minister Narendra Modi took charge More

Video Young African Leadership Program Renamed to Honor Mandela

YALI program, launched by President Obama in 2010, aims to build skills in business, entrepreneurship, public management and civic leadership More

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Vietnamese Staging Chinese Product Boycott After Oil Rig Spati
X
Reasey Poch
July 28, 2014 7:18 PM
China recently pulled an oil rig from an area of the disputed South China Sea that Vietnam also claims. Despite the action, the incident has had a lingering effect on consumers in Vietnam. VOA's Reasey Poch reports from Hanoi on an effort to boycott Chinese products.
Video

Video Vietnamese Staging Chinese Product Boycott After Oil Rig Spat

China recently pulled an oil rig from an area of the disputed South China Sea that Vietnam also claims. Despite the action, the incident has had a lingering effect on consumers in Vietnam. VOA's Reasey Poch reports from Hanoi on an effort to boycott Chinese products.
Video

Video ESA Spacecraft to Land on a Comet

After a long flight through deep space, a European Space Agency probe is finally approaching its target -- a comet millions of kilometers away from earth. Scientists say the mission may lead to some startling discoveries about the origins of the water on earth. VOA’s George Putic has more.
Video

Video Young Africans Arrive in US for Leadership Program

President Barack Obama's Young African Leadership Initiative has brought hundreds of young Africans to the United States for a six-week program aimed at building their knowledge and skills in fields such as public administration and business. Out of the 50,000 young Africans who applied for the program, just one percent was accepted. VOA's Laurel Bowman caught up with some of those who made the cut and has this report.
Video

Video In Honduras, Amnesty Rumors Fuel US Migration Surges

False rumors in Central America are fueling the current surge of undocumented young people being apprehended at the U.S. border. The inaccurate claims suggest the U.S. will give amnesty to young migrants from the region. As VOA's Brian Padden reports from Honduras, these rumors trace back to President Obama's 2012 executive order to halt deportations for some young undocumented immigrants already living in the United States.
Video

Video Students in Business for Themselves

They're only high school students, but they are making accessories for shoes, fabricating backpacks and doing product photography - all through their own businesses. It's the result of a partnership between a non-profit organization that teaches entrepreneurship and their schools. VOA's Mike O'Sullivan and Deyane Moses met the budding entrepreneurs near Los Angeles.
Video

Video Astronauts Train in Underwater Lab

In the world’s only underwater laboratory, four U.S. astronauts train for a planned visit to an asteroid. The lab - called Aquarius- is located five kilometers off Key Largo, in southern Florida. Living in close quarters and making excursions only into the surrounding ocean, they try to simulate the daily routine of a crew that will someday travel to collect samples of a rock orbiting far away from earth. VOA’s George Putic has more.

AppleAndroid