Former Lugari MP Cyrus Jirongo has been declared bankrupt by a Kenyan court after he has been unable to pay hundred of millions shillings in debt.
Commercial Court judge Olga Sewe on Monday made the ruling, following a case in which businessman Sammy Kogo had sued to have Jirongo’s estate put under receivership after the later failed to pay a loan at National Bank of Kenya which he secured using Kogo’s property as security.
Kogo, through eight of his companies (Masole, Linsala Enterprise, Bain Enterprises, Saman Developer, Gileta, Koit Developers and Kenete Enterprises Ltd) sued Jirongo, and the later was ordered to make payments within 180 days from the September 12, 2013 initial judgement. Jirongo however failed to make the payments and Kogo’s properties were eventually actioned off by National Bank to repay the loans.
The court herd that Jirongo then entered into an agreement to pay Sh700 million to Kogo (the valued of the auctioned properties) but the former presidential candidate failed to honor the agreement.
The judge has appointed a receiver as a trustee of Jirongo’s estate.
“Having heard the petitioner and having read the creditor’s petition, and having seen the exhibits, the court hereby orders that Shakhalanga Khwa Jirongo be adjudged bankrupt by virtue of the bankruptcy order… “The court further orders that an official receiver be appointed as a trustee of the estate of the bankrupt,” ruled Judge Sewe.
Jirongo, who rose to fame as a leader for Youth for KANU ’92 (YK ’92) leader ahead of the first multiparty elections in Kenya, represented Lugari as MP for two terms, 1997-2001 and 2007-2012. He vide for the presidency in the August 8th, 2017 general elections and garnered about 11,000 votes (0.07% of the total votes).
What has Caught Up with…
What has Caught Up with Cyrus Girongo (Many Times) is What Will (in the future) Catch Up With William Ruto (Plenty of Times). Siku za Wezi waKuu ni Miaka (Kufikia Ishirini).
Guess what! IEBC cleared…
Guess what! IEBC cleared this man to run for the seat of the presidency of Kenya. My fellow Kenyans, if you allow this joint (IEBC) to run the next election of Kenya come October 26, 2017, Kenya as a nation will never recover again! More than three quarters of the currently elected members of both the NASA and Jubilee political joints should be in jail.
IEBC. Umesema na Nakuunga…
IEBC. Umesema na Nakuunga Mkono. IEBC Bute Kabisa! They have KNEC (leaked) Credentials and without Prudence and Integrity
Unless you kill all people…
Unless you kill all people in Kenya … then you import new people from Mars, then the current IEBC will run the elections in two weeks – uhuru or raila will be sworn in and all current nasa and jubilee elected members will continue earning salaries until they die or until the next election – get used to it and avoid high blood pressure coz of things that are beyond your control – TIBIM – TIBIM – TUKO PAMOJA
Should not be corrupted lest…
Should not be corrupted lest you are caught and good life be short,or your life in shame will be too long.