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Parliament's Public Investment Committee (PIC) Thursday questioned investment decisions and firing of senior managers at the National Bank of Kenya (NBK), even as they insisted the bank is not up for sale and that its business strategy was sound.
Top of the list was selling of 12 branches and firing of 290 senior staff, among them managers, in the ongoing restructuring at the bank in which the Government has significant stake. Claims that the bank advanced millions of shillings to one of its directors also featured during the sitting.
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