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Former NBK bosses barred from holding office

Ex-National Bank of Kenya CEO Munir Ahmed

NAIROBI, KENYA: Ex-National Bank boss Munir Ahmed and Solomon Alubala, former head of treasury will not be allowed to serve as executives in listed firms while their appeal against the market regulator proceeds.

The two obtained a temporary reprieve against fines imposed by the Capital Markets Authority for their roles in NBK fraud but could not convince the judge to lift their suspensions from participating in the market.

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