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Government bank relies on teachers' salary not to collapse

National Bank of Kenya Headquarters in Nairobi (PHOTO: FILE)

NAIROBI, KENYA: The National Bank of Kenya (NBK) stayed afloat on Sh14 billion monthly teachers’ salary in 2015.

This was revealed in a case where NBK’s Head of Treasury Solomon Alubala has sued Capital Markets Authority (CMA), complaining that he had been slapped with a Sh104 million fine without being given a chance to question evidence given to the regulator.

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