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Govt blames Naushad Merali for the 'fall' of Spire Bank that is run by struggling Mwalimu National Sacco
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Naushad Noorali Merali, the chairman of Sameer Group. Merali sold Equatorial Commercial Bank (now Spire Bank to Mwalimu National Sacco for Sh2.6 billion a 75 per cent stake. In December 2020, Mwalimu National Sacco (MNS) fully acquired Spire Bank from businessman Naushad Merali. It is emerging that the whole transact
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Naushad Noorali Merali, the chairman of Sameer Group. Merali sold Equatorial Commercial Bank (now Spire Bank to Mwalimu National Sacco for Sh2.6 billion a 75 per cent stake. In December 2020, Mwalimu National Sacco (MNS) fully acquired Spire Bank from businessman Naushad Merali. It is emerging that the whole transact
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