Robinson Njeru Githae

All parliamentary appearances

Entries 591 to 600 of 2672.

• 23 Aug 2012 in National Assembly: Thank you, Mr. Deputy Speaker, Sir. Coming to the clarifications that the hon. Member has sought, yes, Section 31(3)(a) gives discretion to the CBK. It reads:- “The Central Bank may disclose any information referred to in subsection (2) to any monetary authority or financial regulatory authority, fiscal or tax agency or fraud investigations agency within or outside Kenya, where such information is reasonably required for the proper discharge of the functions of the Central Bank or the requesting monetary authority or financial regulatory authority, fiscal or tax agency or fraud investigations agency.” This means that the Central Bank is not ... view
• 23 Aug 2012 in National Assembly: Mr. Deputy Speaker, Sir, it is true that these amendments were enacted in 2009. As I said, in view of its general mandate, the CBK would share this information. In fact, Government organisations officially or unofficially share information among themselves. I can confirm an audit was done on Charter Bank in 2004. The audit was done by inter-agency task force which comprised of the Kenya Anti- Corruption Commission, the Attorney-General, the CBK, the Kenya Revenue Authority and the then Ministry of Ethics and Governance, Permanent Secretary. view
• 23 Aug 2012 in National Assembly: Mr. Deputy Speaker, Sir, it is true that these amendments were enacted in 2009. As I said, in view of its general mandate, the CBK would share this information. In fact, Government organisations officially or unofficially share information among themselves. I can confirm an audit was done on Charter Bank in 2004. The audit was done by inter-agency task force which comprised of the Kenya Anti- Corruption Commission, the Attorney-General, the CBK, the Kenya Revenue Authority and the then Ministry of Ethics and Governance, Permanent Secretary. view
• 23 Aug 2012 in National Assembly: Mr. Deputy Speaker, Sir, it is true that these amendments were enacted in 2009. As I said, in view of its general mandate, the CBK would share this information. In fact, Government organisations officially or unofficially share information among themselves. I can confirm an audit was done on Charter Bank in 2004. The audit was done by inter-agency task force which comprised of the Kenya Anti- Corruption Commission, the Attorney-General, the CBK, the Kenya Revenue Authority and the then Ministry of Ethics and Governance, Permanent Secretary. view
• 23 Aug 2012 in National Assembly: Mr. Deputy Speaker, Sir, following the investigations done by the task force and, subsequent, admissions of violations of the Banking Act by Charterhouse Bank, the CBK levelled a penalty of Kshs1 million on 19th January, 2005. There was a meeting held on the same day at the CBK chaired by the then Governor. The then Managing Director of Charterhouse Bank confirmed that corrective action would be taken to remedy the weaknesses and violations that were highlighted in the report. There was a follow up of inspection requested by station on 10th February to establish the status of compliance of review ... view
• 23 Aug 2012 in National Assembly: Mr. Deputy Speaker, Sir, following the investigations done by the task force and, subsequent, admissions of violations of the Banking Act by Charterhouse Bank, the CBK levelled a penalty of Kshs1 million on 19th January, 2005. There was a meeting held on the same day at the CBK chaired by the then Governor. The then Managing Director of Charterhouse Bank confirmed that corrective action would be taken to remedy the weaknesses and violations that were highlighted in the report. There was a follow up of inspection requested by station on 10th February to establish the status of compliance of review ... view
• 23 Aug 2012 in National Assembly: Mr. Deputy Speaker, Sir, following the investigations done by the task force and, subsequent, admissions of violations of the Banking Act by Charterhouse Bank, the CBK levelled a penalty of Kshs1 million on 19th January, 2005. There was a meeting held on the same day at the CBK chaired by the then Governor. The then Managing Director of Charterhouse Bank confirmed that corrective action would be taken to remedy the weaknesses and violations that were highlighted in the report. There was a follow up of inspection requested by station on 10th February to establish the status of compliance of review ... view
• 23 Aug 2012 in National Assembly: Mr. Deputy Speaker, Sir, that is a fair question. But let me point out that this bank was not closed by the Treasury. The Treasury has also no authority of opening this bank. This was all done by the CBK in exercise of its mandate. The main reason was to avoid a rundown from the depositors. I would like to confirm that this matter has been brought to my attention by the CBK and I am looking into it. I am going to have discussions with the CBK and see how best to resolve this issue. Taking into account what ... view
• 23 Aug 2012 in National Assembly: Mr. Deputy Speaker, Sir, that is a fair question. But let me point out that this bank was not closed by the Treasury. The Treasury has also no authority of opening this bank. This was all done by the CBK in exercise of its mandate. The main reason was to avoid a rundown from the depositors. I would like to confirm that this matter has been brought to my attention by the CBK and I am looking into it. I am going to have discussions with the CBK and see how best to resolve this issue. Taking into account what ... view
• 23 Aug 2012 in National Assembly: Mr. Deputy Speaker, Sir, that is a fair question. But let me point out that this bank was not closed by the Treasury. The Treasury has also no authority of opening this bank. This was all done by the CBK in exercise of its mandate. The main reason was to avoid a rundown from the depositors. I would like to confirm that this matter has been brought to my attention by the CBK and I am looking into it. I am going to have discussions with the CBK and see how best to resolve this issue. Taking into account what ... view