COFEK to appeal against removal of interest rates capCOFEK Chairman Stephen Mutoro. But COFEK is reading malice in the ruling and have vowed to oppose it. SEE ALSO : State doing little on fake phones"We have today filed our notice of appeal of the ruling by Justices Tuiyot, Kamau and Ng’etich as delivered on March 14, 2019, and which ruling purported to scrap bank interest rates capping in years’ time," COFEK Secretary General Stephen Mutoro said. He said in COFEK's view, the ruling was grossly defective, suspect and one that raises serious integrity questions on the part of Central Bank of Kenya (CBK) and Kenya Bankers Association (KBA). "Indeed it is clear that the petitioner, one Bonfas Oduor, does not represent the interest of bank customers but those of CBK and KBA.

Source: Standard Digital March 18, 2019 13:18 UTC