Central Bank of Kenya (CBK) has appealed a decision to cancel the tender for printing new currency notes.
Through lawyer Ochieng Oduol, CBK said it was dissatisfied with Justice George Odunga’s decision and urged the Court of Appeal to restore the Sh10 million annual contract with De La Rue.
“Take notice that CBK is dissatisfied with part of the judgement and intends to appeal against four declarations made by the court,” he said.
The bank is contesting Mr Odunga’s declaration that the tender was unlawful, his decision to quash the tender award, the order compelling it to re-evaluate all tender bids and the order to pay activist Okiya Omtatah costs for filing the case.
READ MORE
CBK moves to ban shell banks in fresh money laundering crackdown
CBK warns banks against use of AI to reject or approve loans
Court rules buying furniture not enough to claim major share of matrimonial home
To cut debts, State should convert pending each bill into a government security