Addressing a media briefing in Nairobi yesterday, CBK Governor Patrick Njoroge said an increase in suspicious transactions point to a country at the mercy of a thriving underground economy.
Without giving details of the amounts involved in the illicit transactions, the governor said the irregular deals had one leg in dirty cash that is hurting the economy.”
http://www.mediamaxnetwork.co.ke/news/b ... es-528987/
Already, 2 people have gone to court to challenge this CBK action - a busybody/idler, and a thief.
BTW it would be good if the law was changed so that if someone wants to challenge a certain Kenyan law/regulation that affects millions of other Kenyans, then he/she must deposit in court a NON-REFUNDABLE fee of KES 100,000 ($1,000).
If a busybody/idler cannot find 1,000 Kenyans willing to contribute KES 100 ($ 1.00) each to fund his/her petition, then the planned petition is hopelessly frivolous and shouldn’t be filed.
If Kenya had such a law, then most likely, only 1 petition would have been filed (by yesterday) against the CBK order - by the thief.