Nairobi, Feb. 22 -- Treasury Cabinet Secretary John Mbadi has secured his choice to lead Consolidated Bank of Kenya after staging a boardroom coup in a row that entangled the regulator.

The bank announced on Friday that Dominic Murage, a lecturer at the University of Nairobi, would serve as the interim CEO of the State-backed bank.

Mr Mbadi backed Dr Murage's appointment after rejecting the board's recommendation to offer the lender's Chief Executive, Sam Muturi, a second term from October 11.

Before tapping Mr Muturi's replacement, on October 8, Treasury CS fired three directors of the incomplete board on October 3 after the directors insisted on Mr Muturi's second term and rejected Mr Mbadi's push for the recruitment of a new CEO.

M...