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Cyrus Shakhalaga okhwa Jirongo Declared Bankrupt

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Nyakundi Report

Newsroom 1 min read

This archive report was first published on 28 July 2019.

October 9, 2017 - A court has declared Cyrus Shakhalaga okhwa Jirongo, a former presidential candidate and Member of Parliament for Lugaris, bankrupt.

According to a ruling by Justice Olga Sewe of the commercial division, Hon. Jirongo had failed to repay a loan of approximately 700M shillings to Sammy Kogo, a Nairobi businessman.

The loan was secured from National Bank of Kenya using Mr. Kogo's properties as collateral, and Hon. Jirongo has been given 180 days to settle the debt.

As a result, the judge has directed that a receiver be appointed to manage Hon. Jirongo's properties.

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