https://www.youtube.com/watch?v=L9zLKmJeKc8
Central bank governor Dr. Patrick Njoroge has blamed the current turbulence facing the local banking industry on laxity by the previous regime and called for punitive action against those culpable.
Speaking to business editors earlier today, Njoroge admitted that the regulator had failed to effectively enforce the banking regulations and called for immediate and thorough investigations against the officers involved.
The governor who took over from Prof. Njuguna Ndung’u towards the end of last year spoke in the backdrop of the recent turmoil in the sector that has seen three banks placed under receivership.
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