The private life of Dr Patrick Ngugi Njoroge who has been nominated for the Central Bank of Kenya (CBK) Governor's post became a hot subject during a vetting process yesterday Tuesday.
Dr Njoroge aged 54 years revealed to the vetting panel that he does not own any asset in Kenya and that he keeps all his money in the bank.
He further said that he has sold all the assets he owned in the US where he used worked with the International Monetary Fund (IMF).
In 2014 Dr. Njoroge an IMF employee earned a gross pensionable income of $358,843 which translates to about Sh3 million per month at current exchange rates, according to The Standard.
The parliamentarians were further surprised when Dr Njoroge opened up on his personal life, saying he is still single but subscribes to the ideas of a family.
According to the Business Daily, in his defense Dr Njoroge submitted that his lack of a family and investments in Kenya is not a reflection of fear in making decisions, noting that he has made many difficult decisions in the past but he always has to weigh situations and back them with data before making them.
He maintained that he pursues things slowly adding that maybe after he retires from being governor, he would move on and invest in particular things.
Njoroge who spent most of his adult life abroad told the vetting committee, that he would resign from the IMF on the same day he signs the offer letter from the CBK.
If appointed he said top on his priorities would be taming runaway interest rates, inflation and the proposed increase in bank capitalisation.
The economist has reiterated that he does not subscribe to roadside decision-making but would use data to guide his decision-making at the CBK.
