Former Finance Ministers Amos Kimunya and David Mwiraria will next week appear before a Parliamentary watchdog to shed light on the controversial De La Rue money-printing contract.
Also to appear before the parliamentary Finance Committee are acting Finance Minister John Michuki, former Central Bank Governor Andrew Mullei, former deputy Governor Jacinta Mwatela and a former CBK secretary, a Mr Gikonyo.
The Finance Committee chairman, Mr Chris Okemo, said they had also summoned CBK Governor Njuguna Ndungu. He said those summoned would help the committee establish facts about the deal, which has remained a public concern.
Reservations Over Tender
"We want to know what the deal entailed and why the Government went ahead to approve it despite reservations by the Central Bank," said Okemo.
Ms Mwatela, who posted to the Northern Kenya ministry as PS two weeks ago, a post she declined, blew the whistle over the Del La Rue deal.
As the chairman of the bank’s tender committee, Mwatela rejected a proposal from the Treasury to approve the deal handed to Del La Rue to continue printing the country’s currency.
At a news conference at County Hall, Okemo said his committee would today grill the CBK Governor and officials of Cooperative Bank over the planned initial public offer. Others lined up today over the IPO include officials from the Capital Markets Authority and those from the Nairobi Stock Exchange.
"Those expected to appear tomorrow (today) will explain the bank’s preparedness for the IPO. All we want to know is how ready they to avoid a similar situation to the Safaricom offer," said Okemo.
The Nambale MP said the parliamentary committee would insist that all shares be offered strictly to Kenyans when the exercise commences. "We don’t want to hear foreigners have been given a share. Kenyans are capable of buying all the shares and they should exclusively be accorded that opportunity," said Okemo.
source; STANDARD
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