Central Bank of Kenya (CBK) officials will neither meet CORD leader Raila Odinga nor provide further information on the controversial Eurobond transactions.
Raila’s request to have a face-to-face meeting with CBK Governor Patrick Njoroge over the Eurobond proceeds was denied with the banking regulator saying he would not honour an appointment with a third party contrary to banking laws and regulations. The letter dated April 20 (yesterday), ruled out any meeting to discuss the same, arguing Raila, his party ODM and CORD coalition were third parties.
n the April 8 letter, Raila requested for a formal meeting on the Kenya’s International Sovereign Bond (Eurobond) issued on June 24, 2014. Raila’s letter read in part: “We refer to the International Sovereign Bond (Eurobond) issued by the Republic of Kenya that closed on June 24, 2014 (hereinafter ‘Eurobond”) and to the Central bank of Kenya’s (CBK) media statement of January 26, this year published in the national newspapers.
“We would like to request a formal face-to-face meeting with you personally in your capacity as the CBK governor and with the relevant staff at the CBK to review and discuss receipt and accounting for the proceeds of the Eurobond and to seek and obtain any additional information and necessary clarifications that may arise from documents and information provided pursuant to the requests contained in this letter,” Raila wrote.
