The National Bank of Kenya #ticker:NBK (NBK) has won a temporary reprieve after the Court of Appeal halted a demand for payment of over Sh500 million to Ecobank arising from a financing deal linked to the supply of digital driving licences to a State agency.
A bench of three judges ruled that the appeal by NBK was arguable and the amount in contention quite substantial, and which was likely to occasion considerable hardship to NBK, especially if the appeal succeeds.
