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Home Crime Watch

Sh63billion Arror and Kimwarer Dam scandal suspect Jemtai Koech among 10 shortlisted for CBK Deputy Governor post

by Njoki Maina
December 4, 2022
in Crime Watch, Home, Main Story, National News, News, Politics, Special Review, World News
Reading Time: 2min read
Sh63billion Arror and Kimwarer Dam scandal suspect Jemtai Koech among 10 shortlisted for CBK Deputy Governor post

From left, former Principal Secretary Ministry of East Africa Community Susan Jemtai Koech, former Principal Secretary National Treasury Kamau Thugge, and former Cabinet Secretary for National Treasury Henry Kiplagat Rotich appear with other suspects.

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One of the Arror and Kimwarer Dams suspect charged over the Sh63billion scandal, former Principal Secretary under the Ministry of East African Affairs Dr. Susan Jemtai Koech is among the ten contestants for the post of the Central Bank Deputy Governor shortlisted by the Public Service Commission (PSC) of the 79 applicants.

Jemtai was charged in the Sh63 billion Arror and Kimwarer dams case but was dropped from the trial by the Director of Public Prosecutions (DPP) Noordin Haji.

Others are the Director of Bank Supervision at CBK Gerald Nyaoma, former Chief Executive Officer (CEO) of the Capital Markets Authority (CMA) Paul Muthaura and former Nairobi Securities Exchange boss Chris Mwebesa.

Others include; Rose Ngugi, Executive Director of the Kenya Institute for Public Policy Research and Analysis, Kenya Ports Authority head of audit Fredrick Oyugi, former director of the CBK Currency Department James Lopoyetum and Jean Moira Wameyo, former fiduciary services manager at the African Development Bank.

Former National Bank of Kenya (NBK) managing director Munir Sheikh Ahmed has also made it to the coveted list.

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The hiring of the second CBK deputy governor will enable the banking regulator to meet a legal requirement that has been breached for over five years.

The law, enacted in 2015, demands that the CBK executive team be composed of the governor and two deputies.

Former President Uhuru Kenyatta ignored calls for the CBK to have two deputy governors during his nearly 10-year tenure.

The PSC advertised the post early last month and CBK staff, bankers and civil servants were locked out of the race for it.

The PSC said salaried employees of public entities (except on a secondment) were ineligible for the position.

Also locked out were members of Parliament or of county assemblies “or a director, officer, employee, partner in or shareholder of any specified bank or financial institution”, the PSC said.

PSC chief executive officer Simon Rotich asked the public to submit petitions about any of those shortlisted before Thursday next week.

Njoki Maina

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