KenolKobil pays former CEO Segman millions

Former KenolKobil CEO Jacob Segman. FILE PHOTO | NMG

KenolKobil #ticker:KENO has paid its former CEO Jacob Segman millions of shillings, settling a long-standing compensation dispute that had seen him claim more than Sh300 million from the oil marketer.

A source familiar with the matter, who did not want to be named in order to speak candidly, told the Business Daily that Mr Segman was paid in the fourth quarter that ended in December 2017.

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