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16-Jun-2020 06:39

The General Assembly considers reports from each of the Church's councils, discusses issues of national and international importance, and makes decisions that help set the Church of Scotland's direction for the coming years.

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In a statement that could put him at loggerheads with the National Treasury, the CBK boss described the recent proposals in the Financial Markets Conduct Bill 2018 as ones that took regulation “backward substantially”.Even though Njoroge did not name any forces behind the alleged attacks to weaken CBK, he said “certain parties” were ready to play mischief in the economy - but that he was ready and unafraid. The proposals are a step in the wrong direction, he added, and would only serve to make the Banking Act play second fiddle to the Financial Markets Conduct Bill. Bernard Chege, the man who survived the May 20 police shooting incident at City Park where his businesswoman Janet Waiyaki was killed, has accused police of harassing him and treating him like a suspect.“I have been warned about certain parties that lie in wait, poised for mischief, and that our actions have consequences. “This is something we have a lot of trouble with... It strips CBK of powers to enforce the caps, and indeed other things as well,” said the governor. Mr Chege was in tears in his hospital bed on Tuesday as he questioned why police are so brazen in demanding that he gives them a sample for DNA testing.On Tuesday, Nation team spotted a number of police cars with private number plates in the hospital, though the officers refused to comment on their mission.

Mr Chege’s family lawyer Gitau Gikonyo revealed that police had even gone to an extent of asking hospital staff to extract samples from Mr Chege.While Treasury says the law is meant to promote a fair, non-discriminatory market place for access to credit and provide uniform practices, Dr Njoroge feels that the bottom line of the proposals is to make CBK a toothless dog.



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