Central Bank boss says No to posh house

What you need to know:

  • Dr Patrick Ngugi Njoroge, who took over as Central Bank of Kenya governor last week, will instead be housed in communal accommodation in Nairobi’s Loresho estate with his fellow members of Opus Dei (Latin Work of God), an institution of the Catholic church.
  • When he was being vetted by MPs before his appointment by President Uhuru Kenyatta, Dr Njoroge was asked why he does not own property in Kenya and is still single at 54 yet his monthly salary at the International Monetary Fund was Sh3 million a month.
  • The position of governor also comes with other trappings of power. The previous governor, Prof Njoroge Ndung’u, had at his disposal a Mercedes Benz, a Range Rover, a Volkswagen Passat, a chase car, two armed guards and a driver.

The man in charge of Kenya’s money has turned down the offer to live in an expansive home in Nairobi’s Muthaiga and ride in a motorcade.

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