<div dir="ltr"><p style="margin:0px 0px 15.6px"><font color="#808080" face="Georgia, ITC Century W01 Light"><span style="font-size:17px;line-height:25px"><a href="http://www.nation.co.ke/business/CBK-lacks-tech-savvy-team-to-survey-local-lenders/-/996/3178888/-/438fkcz/-/index.html">http://www.nation.co.ke/business/CBK-lacks-tech-savvy-team-to-survey-local-lenders/-/996/3178888/-/438fkcz/-/index.html</a></span></font><br></p><p style="margin:0px 0px 15.6px;color:rgb(128,128,128);font-size:17px;font-family:Georgia,'ITC Century W01 Light';line-height:25px">The Central Bank of Kenya’s (CBK) unit charged with supervising lenders lacks a tech savvy team to watch over transactions amid a confidence crisis after the collapse of three banks, Parliament was told Tuesday.</p><p style="margin:0px 0px 15.6px;color:rgb(128,128,128);font-size:17px;font-family:Georgia,'ITC Century W01 Light';line-height:25px">Gerald Nyaoma, head of bank supervision department, told MPs that his unit lacks the expertise to audit banks’ Information Technology (IT) systems—which rogue and greedy directors have exploited to lend themselves billions of shillings of depositors’ funds, breaching banking regulations.</p><p style="margin:0px 0px 15.6px;color:rgb(128,128,128);font-size:17px;font-family:Georgia,'ITC Century W01 Light';line-height:25px">“I acknowledge the key role that ICT experts would play at the department and this is the advice I personally gave the governor (CBK head Patrick Njoroge),” said Mr Nyaoma.</p><div><br clear="all"><div><div class="gmail_signature">______________________<br>Mwendwa Kivuva, Nairobi, Kenya<br><a href="http://twitter.com/lordmwesh" target="_blank">twitter.com/lordmwesh</a><br><br><br></div></div>
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