The National Assembly Public Investments Committee on Commercial Affairs and Energy (PIC CA&E) has invited the Office of the Solicitor General to a meeting to shed light on the delayed winding up of the Kenya Schools of Monetary Studies.

The Committee Chair Hon. David Pkosing (Pokot South) issued the directive when Central Bank of Kenya (CBK) Governor Dr. Patrick Njoroge appeared before Members to respond to queries raised by the Auditor General on CBK's audited accounts for 2018/2019 to 2020/2021 Financial Years.

According to the Auditor General, Kenya Schools of Monetary Studies (KSMS) which is a subsidiary of the CBK had not been wound up despite a proposal from the board for its dissolution; in efforts to address concerns regarding governance and internal controls.

Members noted that the Office of the Solicitor General had raised reservations about the proposed winding up of KSMS, and resolved to give him and the School management audience and to later recall the CBK Governor for more clarifications.

Hon. Pkosing said the actual date of the meeting would be announced after the Committee receives all correspondence regarding the issue from the CBK team.

"We will have an in-house meeting to critically examine all those documents before we meet the Solicitor General and the CBK team. This is very important before we retreat to write the report," said Hon. Pkosing.

Other audit queries raised by the Committee, include the continued running of the CBK without the full composition of Non-Executive Directors.

The Auditor General noted that out of the legally prescribed composition of eight, only four non-executive directors were in office during the financial years under review.