Munir sheikh ahmed biography of williams
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Munir A. Sheikh, February | Author Biography....
Former NBK MD Munir Ahmed awarded Sh26.5m for unfair sacking
A Nairobi court has awarded former National Bank of Kenya (NBK) managing director Munir Sheikh Ahmed Sh26.5 million in compensation for being unfairly dismissed four years ago.
The Employment and Labour Relations Court ruled that NBK failed to prove its allegations of gross misconduct and misrepresentation of financial statements against Munir, which led to his removal in 2016.
Munir was sacked in April 2016, 16 months before his five-year term was officially to end, with allegations made that the bank he headed was cooking its books to hide its true status.
The former MD then sued NBK for unfair discharge on grounds that the publication of his sacking by the troubled bank destroyed his reputation.
Judge Byram Ongaya agreed with his assertion:
“The court considers that it is unfair labour practice for an employer, without good cause or reason, to publicise and publish adverse material about its employe