CS Ibrahim Kitoo, CP3P

Corporation Secretary & Director, Legal Services: Offering Strategic Leadership and overseeing Corporate Secretarial, Governance, Regulatory, Legal & Commercial Services Departments in the Authority

Guide the management on legal matters, and ensure adherence to the Companies Act, Central Bank Act, Banking Act, CMA Act and other legislation.  Ensure compliance with regulations issued from time to time by the Nairobi Stock Exchange, Central Bank of Kenya, Capital Markets Authority.  Review any changes in legislation, thereafter forwarding the same timely in the form of legal updates to respective departments for information, action and compliance.  Provide legal advice on Agreements, contracts and other bank commitments.  Review of the Bank’s legal documentation e.g. letters of offer, facility agreements, debentures or any other security documentation to ensure that the Bank’s interests are well protected.  Tasked with facilities redemptions and take – overs by the bank from other banks and by other banks.  Process execution of security documentation and other bank wide Agreements and maintain proper record thereof.  Represent Bank in court/and all related legal matters.  Ensure the application of provisions in statute to the Bank’s business operations and environment.  Support the General Manager, Legal Services and the Company Secretary in the provision of Company Secretarial services when called upon.

 Guide the management on legal matters, and ensure adherence to the Companies Act, Central Bank Act, Banking Act, CMA Act and other legislation.  Ensure compliance with regulations issued from time to time by the Nairobi Stock Exchange, Central Bank of Kenya, Capital Markets Authority.  Review any changes in legislation, thereafter forwarding the same timely in the form of legal updates to respective departments for information, action and compliance.  Provide legal advice on Agreements, contracts and other bank commitments.  Review of the Bank’s legal documentation e.g. letters of offer, facility agreements, debentures or any other security documentation to ensure that the Bank’s interests are well protected.  Tasked with facilities redemptions and take – overs by the bank from other banks and by other banks.  Process execution of security documentation and other bank wide Agreements and maintain proper record thereof.  Represent Bank in court/and all related legal matters.  Ensure the application of provisions in statute to the Bank’s business operations and environment.  Support the Company Secretary in the provision of Company Secretarial services when called upon.

Procurement support, contracting and legal advisory.

Legal advisory, legal research, contracts drafting, review and contracts and other legal instruments management, insurance and property/investments management, company secretarial support and head of the legal unit.

• Drafting and review of contracts, leases, service level agreements, review and approval of bid bonds, performance bonds, guarantees, credit facilities among other legal instruments to safeguard the company’s interests and minimize risks and company exposure. • Debt Collections/Recovery of company outlay from negligent third parties. • Advising the company on legal regulatory and compliance issues. • Negotiations for amicable out of court settlements. • Appointment of lawyers on the company’s behalf. • Review of investigations and assessment reports and taking of remedial/pre - emptive action as necessary to protect the company’s interests. • Processing of payments to claimants and service providers. • Legal research and preparing legal opinions/advisories to both external and internal clients. • Preparing legal reports for management purposes and decision making as well as insurance regulatory authority (IRA) and Association of Kenya Insurer (AKI) returns. • Respond to any correspondence and/or enquiries and general client advisory regarding legal claims. • Attending court to represent the company and/or as a witness for the company. • Maintain adequate financial reserves for legal claims.

Advanced FIDIC Training Programme delivered under the auspices of King’s College London, Centre of Construction Law & Disputes Resolution and Fédération Internationale Des Ingénieurs-Conseils (FIDIC)/FIDIC Summer School 2021