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“A declaration be and is hereby issued that De La Rue International Ltd was unlawfully awarded the tender for printing and supply of new currency and that the application of 15 percent preference margin in its favour was unlawful and the award is therefore annulled,” chairman Paul Gicheru said on Monday.
CBK was directed to undertake a fresh 14-day evaluation of all tenders submitted by the four bidders who participated in the process.
“The procuring entity shall take into account the board’s observation on issues of preference together with provisions of the procurement acts,” he added.
Gicheru said any party aggrieved by decisions the procuring entity makes at the end of the fresh evaluation will be at liberty to seek any remedy.
The board directed that each party bear its own costs of the review.
CBK is to issue the new currency in line with the 2010 Constitution that outlaws the use of images of individuals. Kenyan currency has the portrait of founding President Jomo Kenyatta.
On December 13, the High Court temporarily suspended Central Banks’ award of the new currency printing tender to the firm.
This was after activist Okiya Omtatah filed a petition for the award to be declared invalid, null and void, arguing “it is laced with open fraud and contemptuous disregard for the rule of law”.
In December last year Central bank governor Dr Patric Njoroge said that plans were underway and that the bank could start issuing the new currency by the second quarter of the year 2018 which is about June this year.
The decision to nullify tender awarded to De La Rue could lead to delay in the award of the same tender subsequently delay the process.