Mumias Chief Executive Officer suspended

Mumias Sugar Company has suspended its Chief Executive Officer (CEO) Mr. Nahashon Aseka for impropriety.

The board suspended Aseka over what it referred to as doubtful transactions that appear to have been entered into without following due process and requisite approvals.

Board chair Dr. Kennedy Ngumbau said in a signed press statement that the suspension was meant to pave way for further investigations.

The board did not give details of the transactions, nor how long the suspension that took effect on May 5, would last.

The head of agriculture Mr. Patrick Chebosi, has been appointed to act in the position of CEO until further notice.

In light of the financial challenges the company is facing, the board and key stakeholders are in discussion for fresh financial injection to restore factory operations, the statement said.

Mr. Aseka came on board in June last year, taking over from Errol Johnson who quit following pressure from politicians, after he failed to make any profits despite the government pumping in Sh 3.1 billion as bail out.

Aseka previously headed Nzoia Sugar Company prior to his appointment at Mumias, but was rejected by farmers.

Source: Kenya News Agency