National Bank of Kenya confirms exit of suspended CEO Munir Ahmed, two other senior officials

National Bank of Kenya has given marching orders to former chief executive Munir Ahmed and two other senior executives. Munir who has been on suspension since March 31 alongside five other senior managers was discharged in a letter authored on Thursday last week but published by the Nairobi Securities Exchange yesterday.
“...the Board of National Bank of Kenya Limited wishes to confirm that Mr Munir S Ahmed, formerly the Managing Director & Chief Executive Officer of the bank has since left employment,” NBK Company Secretary Habil Waswani said.

The same fate befell two other executives, Boniface Biko – the former Executive Director in charge of Corporate Institutional and Business Banking, and Chris Kisire– previously the Chief Finance Officer. NBK did not disclose if the three other suspended officials would stay on, pending completion of the investigations into allegations of mismanagement.