A former acting Chief Finance Officer at the National Bank of Kenya faces sanctions from the Capital Markets Authority, after a tribunal rejected his bid to block a fine against him for financial irregularities at the lender before its takeover by KCB in September 2019.
The Capital Markets Tribunal dismissed an application by Wycliffe Lindong’a Kivunira who had sought to block the Capital Markets Authority (CMA) from imposing a Sh1 million penalty on him for impropriety.
