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Cyrus Jirongo declared bankruptcy after defaulted on a loan

Cyrus Jirongo declared bankruptcy. PHOTO | COURTSEY
Cyrus Jirongo declared bankruptcy. PHOTO | COURTESY

The former presidential aspirant Cyrus Jirongo has been declared bankrupt. The case file by businessman over a loan was heard yesterday and was forced to pay 25 Million or else declared bankrupt.


The Court issued a warrant of arrest against Jirongo in August over the loan balance owed to businessman Brian Yongo.


The deputy registrar, in a letter, addressed to Muthangari OCS on August 7, directed police to arrest the former presidential aspirant for reportedly failing to pay the amount.


The registrar further directed Jirongo to pay the expenses including fare and fuel that would be incurred by the executing officers.


Yongo accused Jirongo of failing to pay him the balance of a loan he advanced him.

Yongo said the entire loan was to be settled in three installments.


He allegedly loaned Jirongo Sh25 million between 2014 and 2015 but the former politician has since paid only Sh5 million.


The said loan was defaulted by the former presidential candidate and due December this year. Jirongo troubles have not ended yet since another former PS also owes 10 Million used in the 2017 campaigns.
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