A court has declared former presidential contender Cyrus Jirongo bankrupt after finding him unable to pay debts amounting to Sh700 million.
Justice Olga Sewe of the commercial division said on Monday that Jirongo’s inability to repay was demonstrated. The money is to be repaid to businessman Sammy Kogo.
The judge ordered an official receiver be appointed as trustee for Jirongo’s estate.
Kogo, through his eight companies, petitioned the court seeking bankruptcy orders against the politician.
Jirongo had secured a loan from National Bank of Kenya using the businessman’s properties but failed to repay.
According to court papers, he was to make payments within 180 days from September 12, 2013.
The bank moved in and sold the properties held as …
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