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National Bank of Kenya board sends CEO, five managers on forced leave

Suspended National Bank of Kenya Managing Director and CEO Munir Sheikh Ahmed. [Photo:Elvis Ogina/STANDARD]

National Bank of Kenya’s woes deepened as the board sent CEO Munir Ahmed and five senior managers on compulsory leave pending an internal audit.

In a statement issued late yesterday, the lender’s board of directors termed the decision as “an unequivocal demonstration” of the bank’s commitment to strict adherence to corporate governance tenets and the various Central Bank of Kenya (CBK) guidelines.

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