COTU Secretary General Francis Atwoli has been relieved his duties as board member of the National Bank of Kenya (NBK) recently acquired by the Kenya Commercial Bank (KCB).

According to a local publisher, KCB has announced the purging of the former board and appointed seven new directors who are expected to breathe a new lease of life into the previously troubled bank.

Atwoli who occupied one of the two seats reserved for the National Social Security Fund (NSSF) nominees represented workers’ interests in the lender.

Besides Atwoli, former NBK Chairman Mohammed Hassan, Mark Obuya and Joseph Kering have also been given the boot.

The new management has also done away with board seats reserved for treasury cabinet secretary and the managing trustee of the NSSF.

“Following the completion of all the regulatory processes for the takeover of National Bank of Kenya, changes have been made to the board of directors,” reads the public notice.

“The directors have voluntarily retired from the board to pave way for the smooth transition,” adds the notice.

In their stead, KCB has appointed  NBK chief executive Paul Russo, John Nyerere, Stanley Kamau, Jones Nzomo, Linnet Mirehane, Gen (Rtd.) Julius Karangi and KCB CEO Joshua Oigara.

“The new board will provide oversight over all the operations of National Bank in line with the overall KCB Group strategy,” adds the notice.

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Bungoma County senator Moses Wetangula on Friday morning found himself in a hard tussle with Kenyans on Twitter after he issued his piece of advice on KCB’s move to put Mumias Sugar Company under receivership.

Ponangipalli Venkata Ramana Rao, who KCB appointed as the receiver-manager on September 20, arrived at the company premises around 3.30 pm on Tuesday escorted by police officers from Mumias Police Station ready to take control of the struggling factory.

Rao then went to the administration block and issued managers with his notice of appointment from KCB.

The move has attracted mixed reactions from a section of leaders, with Wetangula taking to his twitter account to give his comments.

He said allowing Mumias to go under receivership is a terrible mistake, arguing that receiverships have never saved any enterprise.

Wetangula further noted that he was going to bring together key leaders from the region to respond.

“Allowing mumias to go under receivership a terrible mistake. Recieverships have never saved any enterprise. With Gov holding substantial interests in kcb & msc the move on mumias is sinister. I will bring together key leaders from our region to respond,” reads his post.

But Kenyans on Twitter did not take any of his advice, going ahead to tell him off the matter.

Some argued that the same leaders from the region are the ones who sat and watched Mumias being mismanaged.

Some told him to kindly give other alternatives too as he responds, arguing that they can’t just say it won’t work without giving other sustainable solutions to the problem.

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