COTU Secretary General, Francis Atwoli has been shown the door after 16 years of enjoying an influential position as a board member at the National Bank board.
Atwoli’s unceremonial leave is part of the troubled money lender, National Bank board shakeup, to pave way for new revolutionary faces to fill their various capacities. Atwoli reportedly joined the bank’s board, in April 2003 where he represented workers’ interests in the bank.
The veteran’s unceremonial leave comes a few weeks after KCB bank acquired the troubled money lender to revamp it from its successive years of troubles.
However, over the years, the bank registered a string of losses prompting KCB to come to it’s rescue. Explaining the axing, KCB bank said it was using its two year transition period to streamline human resources, systems, processes to realize productivity synergies.
With the takeover, the group says it plans to run the bank as a stand alone subsidiary before integrating within two years of the acquisition.