Court backs Mbadi in ouster of Consolidated Bank CEO
Nairobi, May 27 -- Former Consolidated Bank of Kenya CEO Samuel Muturi has lost his bid for reappointment after Treasury Cabinet Secretary John Mbadi blocked the bank board from giving him a fresh three-year term, sparking a legal battle.
Mr Muturi had sued the bank, alongside Mr Mbadi and acting CEO Dominic Murage, seeking either a fresh term based on the board's favourable recommendation or damages and reliefs of at least Sh76.35 million.
However, the Employment and Labour Relations Court dismissed Mr Muturi's petition, finding that his three-year contract, which lapsed in October 2025, did not confer an automatic right to renewal despite a positive performance record and recommendation by the bank's board.
In the judgment, the court...
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