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Former Uchumi Supermarket directors barred from office, ordered back to class

Former CEO Dr Jonathan Ciano. PHOTO: FILE

The Capital Markets Authority (CMA) has banished former Uchumi directors from the boardrooms of public listed firms, and asked some of them to attend classes on governance to qualify to be directors.

In a statement sent to newsrooms yesterday, the CMA said former Uchumi CEO Dr Jonathan Ciano will stay in the cold for five years while former Finance Manager Chadwick Okumu will be out for two years.

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