With President William Ruto’s selection of former CBK boss Peter Ndungu as the next Treasury CS, high-ranking officials in the Kenya Kwanza administration want Peter Njoroge out of the Central Bank and instead, have either former KCB boss Joshua Oigara or Dr. David Ndii replace him ( Mr. Njoroge).
Reports indicate the current CBK Governor has fallen out with the new administration and is being accused of not being supportive of the Kenya Kwanza economic agenda.
On Monday, Mr.Njoroge publicly clashed with Deputy President Rigathi Gachagua who had said Kenya lacked sufficient dollars to buy fuel last month.
”Why there is forex exchange problem is because of State capture. There was a lot of interest in banks where very senior government people own certain banks and they got involved in this forex business. Central Bank so no longer in charge,” DP Gachagua said during a live interview, prompting Governor Njoroge to clap back in a statement.
“CBK does not supply foreign exchange for transactions other than for the National Government (government’s own imports or debt service payments) or CBK’s operations.”
The response did not rub Kenya Kwanza insiders the right way, with some, including Nandi Senator Samson Cherargei telling off the CBK governor over his choice of medium to respond to the Deputy President.