Blow for ex-NBK staff as court overturns pension payout ruling

National Bank of Kenya

National Bank of Kenya branch on Kenyatta Avenue Nairobi.

Photo credit: File | Nation

The High Court has quashed a decision of the Retirement Benefits Appeal Tribunal to award former employees of the National Bank of Kenya (NBK) Sh136 million in terminal dues.

The court found that the tribunal did not grant the bank a fair hearing by failing to consider the replying affidavit filed by the company Secretary, Habil Waswani, before issuing the ruling dated February 13, 2017.

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