{"id":92740,"date":"2023-05-19T16:54:20","date_gmt":"2023-05-19T16:54:20","guid":{"rendered":"https:\/\/www.africa-press.net\/kenya\/all-news\/ira-ceo-sent-on-leave-to-pave-way-for-audits"},"modified":"2023-05-19T18:04:40","modified_gmt":"2023-05-19T18:04:40","slug":"ira-ceo-sent-on-leave-to-pave-way-for-audits","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/all-news\/ira-ceo-sent-on-leave-to-pave-way-for-audits","title":{"rendered":"IRA CEO sent on leave to pave way for audits"},"content":{"rendered":"

Africa-Press – Kenya. <\/strong><\/span>The Insurance Regulatory Authority Board has resolved to send its CEO Godfrey Kiptum on a long leave, pending investigation into the regulators financial dealings. This is after the CEO spent close to seven years in office without proceeding for any leave, accumulating over 200 days leave days in the process.<\/p>\n

While announcing the board decision, Insurance Regulatory Authority (IRA) chairman Mwambu Mabonga pointed to a possible cover-up of the regulators’s under dealings, that might have led to a close monitoring by the CEO hence failure to take long annual leaves.<\/p>\n

At the 59th Special Board Meeting held on Friday, the board resolved that Kiptum and any other officer with leave days, “to proceed on leave.” \u201cIt is essential for every public officer to go on leave unless there is something you are hiding. We as the board have resolved that senior manager, consumer protection Monica Thirima, is appointed in an acting capacity in the interim period,\u201d said Mabonga.<\/p>\n

Thirima will take over the entire mandate of the operations of the board as the authority waits for a new chief. However, Kiptum has a chance to return to the corner office if he is cleared within time, and if no substantive CEO would have been appointed.<\/p>\n

\u201cIf there is no anormally, the commissioner will return to his office,\u201d added Mabonga.<\/p>\n

The regulator has been on the spotlight in recent days following a payment of Sh290 million in legal fees to a single law firm. The final decision on the outcome of the investigations however lies with the board.<\/p>\n

\u201cWith the large payment of legal fees to individual firms, we thought there was some laxity in some areas which we need to invite investigative agencies,\u201d added Mabonga.<\/p>\n

The Ethics and Anti-Corruption Commission and the Directorate of Criminal Investigations could be roped into the process, Mabonga hinted. IRA said it is engaging its legal professionals over the matter and will be looking to tame instances where accounts of the authority are attached to law suits.<\/p>\n

The board’s resolutions coincided with an appointment of new board members by the National Treasury. Cabinet Secretary Njuguna Ndung\u2019u through a gazette notice dated May 18, 2023 had announced disbandment of the board.<\/p>\n

This has put to question the eligibility of the outgoing board\u2019s decision considering the CS had directed the new board changes to take effect from the May 19, 2023. In the new board changes, the appointments of Annette Kithi, Muchiri Mithamo, Njenga Mwangi and Fauzia Arale were revoked.<\/p>\n

\u201cThe Cabinet Secretary for the National Treasury and Economic Planning appoints Yasin Haji Hussein, Ambrose Makanga Ngari, Joel K. Chemiron (Prof.) and Immaculate Shamalla, to be members of the Insurance Regulatory Authority, for a period of three (3) years, with effect from the 19th May, 2023,\u201d read the gazette notice.<\/p>\n

For More News And Analysis About Kenya<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Kenya. The Insurance Regulatory Authority Board has resolved to send its CEO Godfrey Kiptum on a long leave, pending investigation into the regulators financial dealings. This is after the CEO spent close to seven years in office without proceeding for any leave, accumulating over 200 days leave days in the process. While announcing […]<\/p>\n","protected":false},"author":84,"featured_media":92738,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[6857,7003,544],"class_list":["post-92740","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-kenya","tag-kenya"],"yoast_head":"\nIRA CEO sent on leave to pave way for audits - kenya<\/title>\n<meta name=\"description\" content=\"The Insurance Regulatory Authority Board has resolved to send its CEO Godfrey Kiptum on a long leave, pending investigat ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/kenya\/all-news\/ira-ceo-sent-on-leave-to-pave-way-for-audits\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IRA CEO sent on leave to pave way for audits\" \/>\n<meta property=\"og:description\" content=\"The Insurance Regulatory Authority Board has resolved to send its CEO Godfrey Kiptum on a long leave, pending investigat ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/kenya\/all-news\/ira-ceo-sent-on-leave-to-pave-way-for-audits\" \/>\n<meta property=\"og:site_name\" content=\"kenya\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-19T16:54:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-19T18:04:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2023\/05\/postQueueImg_1684499068.79.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"750\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/ira-ceo-sent-on-leave-to-pave-way-for-audits#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/ira-ceo-sent-on-leave-to-pave-way-for-audits\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"IRA CEO sent on leave to pave way for audits\",\"datePublished\":\"2023-05-19T16:54:20+00:00\",\"dateModified\":\"2023-05-19T18:04:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/ira-ceo-sent-on-leave-to-pave-way-for-audits\"},\"wordCount\":482,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/ira-ceo-sent-on-leave-to-pave-way-for-audits#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2023\/05\/postQueueImg_1684499068.79.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Kenya\",\"Kenya\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/all-news\/ira-ceo-sent-on-leave-to-pave-way-for-audits#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/ira-ceo-sent-on-leave-to-pave-way-for-audits\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/ira-ceo-sent-on-leave-to-pave-way-for-audits\",\"name\":\"IRA CEO sent on leave to pave way for audits - 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