Tag: CBK
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Court of Appeal Blocks Trader from Escalating CBK Bonds Cash Dispute to Supreme Court
Background: A High-Stakes Financial Dispute The legal battle between a Kenyan trader, identified as Johmat Distributors, and the Central Bank of Kenya (CBK) has taken a new turn. The Court of Appeal has blocked the trader from escalating what began as a commercial dispute over allegedly “stolen” bonds cash. The ruling effectively stops Johmat Distributors…
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Trader’s bid to escalate bonds cash fight with CBK blocked
Ruling blocks escalation in a high-profile Kenya bonds dispute The Court of Appeal in Kenya has halted a long-running commercial dispute between a trader, Johmat Distributors, and the Central Bank of Kenya (CBK). The trader had sought to elevate the case to the Supreme Court over a contentious issue involving cash tied to bonds, alleging…