KIVUMBI

Ex CBK governor dismisses claims he’s working with William Ruto

Former Central Bank of Kenya (CBK) governor Njuguna Ndung’u has dismissed reports he is working with Kenya’s Deputy President William Ruto.

This comes barely a day after reports emerged that DP Ruto has brought onboard a 21-member team of high-profile politicians and economists including Njuguna Ndung’u as his think tank to implement a bottoms-up economic model.

The professor of economics however has set the record straight on his engagements with presidential aspirant William Ruto adding that it should not be insinuated he working with someone perceived to be an economic saboteur.

In a statement, Ruto said that Ndung’u pledged to help him develop new economic model through the African Economic Research Consortium. Photo: William Ruto/Twitter.

In a statement released on Tuesday, May 4, Ndung’u who is also the Executive Director AERC said he is constantly engaging with leaders, legislators, policy makers, economic players and the general public to research, create and advice on economic policies particularly the impact of the COVID-19 pandemic on economies.

“Public engagements with persons perceived to be economic saboteurs, should no be deemed as a subscription to political ideologies. EARC is a public non-profit organization devoted to the advancement of economic policy, research and training in Sub-saharan Africa,” he said.

The Jubilee deputy party leader who has been advocating for the economic model to be changed from the top-bottom to bottom-up held talks with Njuguna Ndung’u at his Karen residence on Thursday, April 22.

The Jubilee deputy party leader who has been advocating for the economic model to be changed from the top-bottom to bottom-up held talks with Njuguna Ndung’u at his Karen residence on Thursday, April 22. Photo: William Ruto/Twitter.

In a statement, Ruto said that Ndung’u pledged to help him develop a new economic model through the African Economic Research Consortium.

“Held talks with former CBK governor Njuguna Ndung’u, who pledged to help develop the new economic model through the African Economic Research Consortium, Karen Nairobi County,” Ruto said.

Ndung’u was appointed the CBK governor in March 2007 and exited the office in 2015 and weathered several storms from the National Assembly, those he regulated and even in courts through intense behind-the-scenes lobbying.

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