The National assembly has approved nomination of Andrew Musangi as the chairperson of the central bank of Kenya CBK.

President William Ruto had appointment Musangi on 17th of August who was lated vetted by both national and Senate committees of finance and budget.

The high court advocate has told the committee that he will foster integrity and accountability at the institution.

Musangi told a joint sitting of finance committees of the National Assembly and Senate he will have parliament oversight of the CBK.

“Given that institutions that receive funding from CBK are being oversighted by parliament, I don’t see any problem being oversighted by the legislature. It is just good practice,” Musangi told the two committees chaired by Kuria Kimani (National Assembly) and Ali Roba.

“Given that institutions that receive funding from CBK are being oversighted by parliament, I don’t see any problem being oversighted by the legislature. It is just good practice,” Musangi told the two committees chaired by Kuria Kimani (National Assembly) and Ali Roba.

Musangi, who said he is worth Sh.1.18 billion, said: “One of my first assignments if I am approved, will be to sensitize the board on the importance of having the bank oversighted by parliament since we are a public institution that should be accountable to Kenyans.”