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Munir Ahmed Cleared, To Be state Witness

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    The Director of Public Prosecution has cleared former National Bank of Kenya (NBK) chief executive Munir Sheikh Ahmed over the alleged loss of Sh1 billion from the bank’s coffers.

    Correspondents filed in court by Mr Ahmed to support his claim for compensation for his dismissal from the bank in April 2016 reveals that the prosecution is instead mulling adopting him as witness.

    Mr Ahmed, 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 Sh453 million compensation in the alternative.