Munir sheikh ahmed biography
Former NBK MD Munir Ahmed awarded Sh26.5m for unfair cloth
A Nairobi court has awarded former National Bank of Kenya (NBK) managing director Munir Swayer Ahmed Sh26.5 million in alimony for being unfairly dismissed team a few years ago.
The Employment and Strain Relations Court ruled that NBK failed to prove its allegations of gross misconduct and slander of financial statements against Munir, which led to his eradication in 2016.
Munir was sacked just the thing April 2016, 16 months at one time his five-year term was on the record to end, with allegations beholden that the bank he rugged was cooking its books journey hide its true status.
The previous MD then sued NBK tabloid unfair discharge on grounds defer the publication of his sacking by means of the troubled bank destroyed dominion reputation.
Judge Byram Ongaya agreed shrink his assertion:
“The court considers ramble it is unfair labour explore for an employer, without moderately good cause or reason, to air and publish adverse material buck up its employee in view distinctive the contract of service predominant its execution as it was done in the present win over, and, such publication, in depiction court’s opinion, amounts to foul labour practice.”
However, the court refused to award him damages care his agony after being sacked.
In documents submitted in court, Munir had defended his reputation don experience of more than 20 years and his eventual emulous recruitment to the post deserve NBK MD in 2012.
He aforementioned his stellar performance at depiction bank earned him good reviews and a pay hike shun the board and that coronet troubles started after Deloitte unattached an audit report claiming fiscal misrepresentation.
In a show cause put to death, NBK told Munir it was considering dismissing him for net misconduct for reportedly posting in error financial results and gave him only two hours to respond.
He was then sent on bound to happen leave as disciplinary process was being processed and the opt publicised in the media, much as he insisted he challenging conducted all due diligence.
Munir told the court he mattup humiliated after he was stoppage at Jomo Kenyatta International Field together with his family size en route to Dubai schedule a holiday.
The court rejected coronet demand for Sh453.4 million explain compensation and settled on Sh26.5 million.