Kenya Central Bank Says Officials Didn't Take Eurobond Cash
- Central bank says Nyaoga was named chairman after bond issue
- Bank says it has provided evidence to investigating agencies
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The Central Bank of Kenya has for a second time in two weeks defended its officials, including its chairman, over opposition allegations about the alleged theft of Eurobond proceeds.
Kenya raised $2.82 billion in its maiden Eurobond sale in 2014, money it said would be used to pay off a $600 million syndicated loan and to build roads and ports and to expand electricity generation. Opposition leader Raila Odinga has said $1 billion of that money is unaccounted for and named central bank Chairman Mohammed Nyaoga among 10 “persons of interest” in the matter.