A leaked email from a Capital Markets Authority (CMA) employee has exposed allegations of impunity, tribalism, and incompetence within the organization.
The email, written by an anonymous staffer, details concerns over unfair appointments, favoritism, and oppression of competent staff. The writer claims that senior managers were appointed without following proper procedures and that some managers have engaged in unethical behavior.
Allegations Against Senior Managers ¶
The email specifically mentions several senior managers, including Andrew Muthabuku, Johnstone Oltetia, Esther Maiyo, Richard Chirchir, and John Njoroge, who were allegedly appointed unfairly. The writer also accuses Johnstone Oltetia of favoring certain employees for training and promotions, while others are neglected or mistreated.
The email further alleges that Oltetia coached his preferred candidates for job interviews and that he lacks morals, citing an incident where he allegedly impregnated a female driver at CMA.
Response from Directors and CEO ¶
The email claims that the directors, including Mr. Wycliffe Shamiah, and the CEO, Paul Muthaura, are aware of these issues but have allowed the rogue managers to continue their behavior.
Call for Merit-Based Appointments ¶
The anonymous staffer calls for merit-based appointments, rather than those based on political connections, family ties, or bribery. The writer argues that the current system has led to incompetence and impunity within the organization.
The full email from the CMA employee is below:
Dear Cyprian, I came across an extract you wrote as regards the CMA Kenya. Here under is more information on CMA. I am a CMA employee and I cannot reveal my identity to you. I am an insider in CMA and if is with concern and dismay that I have watched the senior management at CMA ruin the organization through unfairness, oppression of competent staff, backstabbing etc.. First of all, the organization is wrought with favoritism, incompetence and unfairness; aspects that have led to the loss of very competent staff. Several senior managers were appointed by Stella, the former CEO, in a manner that was unfair and not according to procedure. These managers were appointed without the said positions being advertised internally or externally. They include Mr. Johnstone Oltetia. Esther Maiyo, Richard Chirchir and John Njoroge. Here under is a lowdown on some of these managers. Andrew Muthabuku– Andrew’s meanness really leads to question marks as to whether he is a HR manager; he seems to attain a certain amount of joy from people’s suffering. He had a tumultuous relationship with an officer and this led to him orchestrating a campaign against him and leading to a disciplinary committee being constituted and the officer being dismissed on flimsy grounds. Johnstone Oltetia-This manager who was rumored to be very friendly with Stella epitomizes incompetence and favoritism at the Authority. He has frustrated several competent officers leading to their exit and/or frustration and dwindling of career prospects. He favors an incompetent, unintelligent and malicious officer known as Evelyn Mbithi to the dismay of the MS team. He is known to be temperamental and uses this to cover for his incompetence. He always favors certain people for trainings while others are left to languish in neglect and mistreatment meted out by him. He led the plot to have Evelyn get the assistant manager risk and compliance job despite her glaring inadequacies; hence having the job internally advertised. In regards to job interviews conducted last year, Mr. Oltetia was able to coach his preferred candidates to take over the positions of assistant manager, compliance (which was ‘given’ to Evelyn Mbithi), senior compliance officer and senior financial analyst. Mr Oltetia lacks in morals as it is well known he impregnated a female driver at CMA. A competent lady who was in legal framework, left CMA in a huff (and went to CBK) because when the job for Assistant manager legal framework was advertised and she applied, her application miraculously disappeared. She was devastated and she left heart broken. The job was given to a man who is a favorite of the CE, Paul Muthaura, thus begging the question whether he influenced this appointment. The directors like Mr. Wycliffe Shamiah and even the CEO know about this but they let these rogue managers run roughshod on us. Kind regards, The Watcher
