Ex-NBK boss sues for Sh453m compensation

Former National Bank of Kenya (NBK) chief executive Munir Sheikh Ahmed is seeking a Sh453 million compensation for his dismissal from the lender in April 2016, making it one of the largest claims an employee has ever made against an employer in Kenya.
Mr Munir, who was removed from his position for alleged cooking of books, wants the bank to reinstate him to the position of managing director on the terms he enjoyed prior to his termination or be paid salary and allowances for the 76 months that were remaining on his contract.
The former bank executive says in a petition before the Employment and Labour Relations Court that he was irregularly removed from his position contrary to the relevant employment laws, forcing him to challenge the decision.
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