Amiralji Somji
Anwar Hajee
CBK
Hanif Mohamed
Imperial Bank
Jinit Shah
Mbijiwe
Mohammed
Mohamud Mohammed
Njoroge
Patrick Njoroge
Philip Murgor
Sheila Mbijiwe
Standard SMS

CBK Governor Patric Njoroge sued

Shareholders of a collapsed bank have sued the Central Bank of Kenya Governor over alleged mismanagement of its receivership.

The Imperial Bank owners Thursday filed the suit against Patrick Njoroge, his deputy Sheila Mbijiwe and Kenya Deposit Insurance Corporation chief Mohamud Mohammed in their personal capacity.

ALSO READ:

Inflation falls to 7-year low at 4.18 per cent

Through lawyer Philip Murgor, the shareholders said the suit did not in any way affect the ongoing transaction, but rather sought to ensure that the end game was not liquidation.

“We are seeking orders from the court declaring Njoroge, Mbijiwe and Mohammed liable and should be compelled to lead recovery efforts out of liquidation,” said Mr Murgor.

The shareholders; Kenblest Limited, Alnashir Popat, Anwar Hajee, Jinit Shah, Hanif Mohamed, Amiralji Somji, Mukesh Kumar and Vishnu Dhutia said Mr Njoroge and the CBK refused to provide them with relevant and pertinent financial information.

“The information that Njoroge and CBK officials are withholding would enable us put in place our proposal in line with the parallel process,” said Murgor.

Avoid fake news! Subscribe to the Standard SMS service and receive factual, verified breaking news as it happens. Text the word ‘NEWS’ to 22840

“My clients are seeking general damages and/or aggravated damages against the first, second and third defendants jointly and severally for misfeasance in public office.”

The shareholders are also seeking a declaration that Njoroge, Mbijiwe and Mohammed have acted in excess of their powers as relates to the receivership of the bank.

Share this Post

by

Search