Ex-NBK boss awarded Sh26.5m for illegal ouster

munirs

Former National Bank of Kenya (NBK) managing director Munir Sheikh Ahmed. FILE PHOTO | NMG

Former National Bank of Kenya (NBK) managing director Munir Sheikh Ahmed has been awarded Sh26.5 million as compensation for unfair dismissal four years ago.

Employment and Labour Relations Court judge Byram Ongaya said the bank failed to prove claims of gross misconduct and misrepresentation of financial statements against Mr Munir, which formed the basis of his ouster in 2016.

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