Activists sue Njuguna Ndung’u over closed bank
Former Finance Minister Amos Kimunya (right) before the Parliamentary Select Committee on Finance on October 7, 2010 when he was questioned over the Charterhouse Bank saga. FILE PHOTO |
What you need to know:
- Concerned Citizens of Kenya and human rights activist Bradley Ouna claim delay is leading to loss of funds by depositors.
- They want an order directing Prof Ndung’u to immediately reopen the bank and make public any investigative information they have concerning Charterhouse Bank.
A lobby group has sued the Central Bank of Kenya and its governor, Prof Njuguna Ndung’u, for refusing to reopen Charterhouse Bank.
Concerned Citizens of Kenya and human rights activist Bradley Ouna claim that the decision by Prof Ndung’u to delay the bank’s reopening after Parliament approved its reopening is leading to loss of funds by depositors.
They want an order directing Prof Ndung’u to immediately reopen the bank and make public any investigative information they have concerning Charterhouse Bank.
They further want the court to order the Attorney-General, Prof Githu Muigai, to advise the President to suspend Prof Ndung’u and appoint a tribunal to investigate his conduct.
DELIBERATELY REFUSED
“The CBK governor has deliberately refused to reopen Charterhouse Bank despite the bank being cleared of the allegations against it by Parliament. Prof Ndung’u is acting with impunity because he even refused to appear before the parliamentary committee,” Mr Ouna said.
The lobby group argued that the continued delay in reopening is causing depositors unnecessary pain since their logbooks, title deeds and other properties are held by the statutory managers.
Justice George Odunga directed the activist to serve the respondents with the petition for further directions on October 8.
CBK closed down Charterhouse Bank in 2006 and placed it under receivership, but Members of Parliament voted to have it reopened.
