News just hitting our newsdesk have confirmed that Stanley Muchiri, the former Cooperative Bank Of Kenya Chairman passed on a few hours ago.
Further reports indicate he died in Nigeria, though our newsdesk is confirming the Cause of his death in order to bring you more details.
Co-op Bank tapped former CBK executive John Murugu as board chair after Stanley Muchiri retired, late 2017.
Long-serving Co-op Bank chairman Stanley Muchiri retired after attaining the mandatory age of 70, as per Capital Markets Authority code.
Mr Muchiri was a hard-working Kenyan since he is one the guys that helped the co-operative bank grow in profits and asset base, a great achievement. Together with Gideon Muriuki, the Cooperative bank remains the most discplined and scandalless
Condolences to his family, friends and the Cooperative bank fraternity.