September 20, 2020

CBK Chair sues Odinga for Defamation


By Calvin Osiemo

Central Bank of Kenya Chairman Mohammed Nyaoga has made his threat real after he sued Coalition for Reforms and Democracy (cord) leader Raila Odinga for linking him with the loss of money raised from the Euro bond. Mr.Nyaoga through his law firm Mohammed Muigai advocates, he has asked Mr. Odinga to stop associating his name in relation to  the saga citing that he did not play a role in it. In court documents filed the High Court in Nairobi, the CBK chairman is seeking an apology from the opposition leader and undisclosed compensation.

“Unless restrained by court, Mr Odinga intends to continue or repeat the said unlawful acts. The words and representations complained of were made and published maliciously,” said Mr Nyaoga.


Mr. Odinga has been vocal over the Euro bond issue saying that Kenyan ought to know the truth on how the money was put to use. He has repeatedly said that cash amounting to sh 87 billion cannot be accounted for . Mr. Nyaoga has however distanced himself from the claims saying he has no responsibility over the Euro bond money.

“The Sh173, 017, 599, 948 is the amount that was transacted when I had not been appointed the chairman board of directors of the Central Bank of Kenya. Raila is not a public servant well placed to know the government transaction. Before making any statement concerning the Eurobond he ought to have contacted the persons he mentioned at the press conference,” Nyaoga has argued.

The suit comes after Odinga gave a detailed statement directed to Nyaoga’a legal team saying he did not defame the CBK Chair in any way.

“First, it is not clear which words uttered by our client, of and concerning your client, were offensive. It is also not clear what is the meaning, in the ordinary sense or by way of innuendo, that your client ascribes to the offensive words and how that meaning has defamed your client. Secondly, it is not clear whether your client, by denying that he is a person of interest to the Eurobond saga is denying that there is authority that is bestowed on him by the Central Bank of Kenya Act and similarly denying that there are duties placed on him by the Constitution of Kenya, the Public Officer Ethics and the said Central Bank of Kenya.” said the statement.

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