Musau dropped in KCB buyout of NBK

KCB Group Chief Executive Joshua Oigara. He says the new appointment is subject to regulatory approvals. [File, Standard]

Wilfred Musau has become the first casualty of the KCB Group acquisition of the National Bank of Kenya (NBK) after he was edged out as managing director.

Until yesterday, he had occupied the lender’s corner office since April 2016, presiding over its worst times punctuate by losses and shrinking customer numbers.