CBK pays its chair Sh6m retainer in year of no meeting

Mr Mohamed Nyaoga, Central Bank of Kenya board chairman. PHOTO | FILE 

By GEORGE NGIGI, gngigi@ke.nationmedia.com

In Summary

• The CBK’s latest financial statement shows that Mr Nyaoga received the amount, which ...translates to Sh500,000 a month, as a retainer even as the institution remained without enough directors to form a quorum for meetings.
• Mr Nyaoga however said he had been paid a retainer but no sitting or mileage allowances during the period under review.