Poor Governance

For over a year, local tabloids have splashed stories about mismanagement at the Central Bank and various attempts to remove Governor Andrew Mullei. A Standard editorial has summarized the accusations including, among other things; maintenance of special pets owned by some high-ranking bank officials, special consultants being commissioned to perform on-site inspections of financial institutions at exorbitant rates, nepotism in the awarding of lucrative consultancies, and unnecessary foreign training trips.