House to probe KCB bid to buy National Bank - News Summed Up

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House to probe KCB bid to buy National Bank


By DAVID MWEREMore by this AuthorThe National Assembly has 60 days to investigate the proposed takeover of the National Bank of Kenya (NBK) by Kenya Commercial Bank (KCB) PLC following a directive by Speaker Justin Muturi. Mr Muturi’s directive came after Nyatike MP Tom Odege raised doubts over the proposed takeover saying it should be investigated to clear doubts and establish whether it was subjected to public participation. Mr Muturi directed that the Finance and National Planning Committee, chaired by Kipkelion East MP Joseph Limo, investigates the matter. “Mr Odege has raised a very important matter; that of public participation,” Mr Muturi said. Related Content KCB offers to buy out NBK


Source: Daily Nation May 02, 2019 15:33 UTC



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