Raila To Face Legal Charges For Naming Eurobond ‘Culprits’ – Mohammed Nyaoga


The CORD leader Raila Odinga has set the stage for court battle when he linked senior government officials to the missing Eurobond billions, accusing them of being responsible for the mystery behind the great loss.

Following Raila’s shocking revelations where he named the suspects to be held responsible for the missing Eurobond billions, CBK board chairman Mohammed Nyaoga, has threatened to sue Mr Odinga to court for connecting him to the saga and calling him a criminal.

Mr Mohammed Nyaoga says the CORD leader probably confused his name with that of Mr Gerald Nyaoma, who he said was involved in the Eurobond discussions, and exempted himself from having anything to do with the missing Eurobond fund. He also vowed to take actions against this bid to tarnish his image.

He added that the allegations constitute reckless impunity and is a serious affront on his character and on that account, he will be taking action to vindicate his character.

“I am going to sue because I have built my profession for over 31 years, so how can somebody with a microphone wash it away in five minutes,” he adds.

In a statement, Mr Kinyua equally shielded himself from the alleged missing fund, stating that he has no knowledge of how the Eurobond money was disbursed. His lawyer, Ken Ogeto hinted that Mr Raila’s talk was a ‘malicious and reckless political witch-hunt which will not pass unchallenged’.

“We demand that Hon Raila forthwith retract his baseless and unwarranted allegations failure whereof we have instructions to institute legal action against him,”

In his defence, Prof Ndung’u, the former CBK governor, disputed the claims of his involvement, saying it was going to be a big battle.

“I can only talk through my lawyer because I am no longer the Central Bank of Kenya governor,”.

Ms Odhiambo on her part said she was not in a position to comment on the issue.

Mr Odinga, after announcing the list, told Mr Rotich and Dr Thugge to resign to allow for immediate investigations into their involvement in the saga.

Overall, the top officials whom the opposition roped into the Eurobond saga include: Chief of Staff and Head of Public Service Joseph Kinyua, Treasury Cabinet Secretary Henry Rotich; PS Kamau Thugge; Central Bank of Kenya (CBK) board chairman Mohammed Nyaoga; John Birech, the Director of Financial Markets at the CBK; Moses Muthui, Manager of Financial Markets at the CBK; Controller of Budget Agnes Odhiambo; Bernard Muiruri Ndungu, Chief Accountant at the National Treasury; Julius Kilinda of the Accounting Unit at the National Treasury; and former CBK governor Njuguna Ndung’u.