NBK suspends CFO over alleged links to Mumias fiasco

Suspended National Bank CFO Chris Kisire (left) with bank Chair Mohamed Hassan on December 2014. March 4, 2015. DIANA NGILA | FILE  NATION MEDIA GROUP

In Summary

• The lender recently hired Mr Kisire as CFO despite his name being listed in the corruption list that President Uhuru Kenyatta tabled in Parliament in March this year.

By JOSHUA MASINDE
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National Bank of Kenya (NBK) has suspended its chief finance officer, Mr Chris Kisire to let him clear his name of corruption allegations while he served in the same capacity at Mumias Sugar.

Through its Public Relations agency Wheels Media, the bank said it had consulted with the Central Bank of Kenya (CBK), the government, its lawyers and Mr Kisire before sending him on compulsory suspension to allow him time clear to his name.

READ: Kisire resigns as Mumias CFO

ALSO READ: NBK hires ex-Mumias CFO

“When he came to National Bank, the bank was looking for an experienced CFO - with experience working with listed companies - to support our transformation agenda. We reviewed his work at The Standard group, DHL, Mumias among other blues chip companies and he had the qualifications we sought. He has been doing his job well before this Mumias saga broke,” the bank said in a statement.

Contacted by the Nation, NBK’s chief executive Munir Ahmed said he was unable to answer any queries at the moment as he was dealing with the crisis currently facing the bank.