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NBK's pension scheme trustees sued for alleged witch-hunt

An actuary who allegedly occasioned a lawsuit by 134 former employees of National Bank of Kenya (NBK) has now sued the bank’s staff retirement benefits scheme trustees.

Robert Oketch has sued Alexander Forbes Financial Services and its Chief Executive Sundeep Raichura on the grounds that it filed a complaint with the Institute and Faculty of Actuaries Disciplinary Scheme regarding his report, which allegedly unearthed massive looting by the scheme’s management.

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