Former National Bank of Kenya (NBK) #ticker:NBK head of Treasury Solomon Alubala has moved to the High Court contesting penalties by the Capital Markets Authority (CMA) banning him from holding office and requiring him to pay a fine of Sh104.8 million.
Mr Alubala argues that the decision banning from holding office in listed companies for up to 10 years over a multi-million-shilling scandal at the lender has put in jeopardy his future employment prospects.
