@DailyNation

Fortunes turn as former millionaire Jirongo now broke

1 months ago, 23 Sep 05:00

By: Sam Kiplagat

It is often said that the road of life is never without trials and tribulations, but in the case of former MP and presidential candidate Cyrus Jirongo, his tribulations appear to be piling up by the day.

The former Lugari MP spent two nights in police custody after his friend-turned-foe, Bryan Yongo had him arrested for failing pay a debt of Sh25 million.

Since his arrest on Tuesday, Mr Jirongo spent two days at Muthangari police station after failing to raise a cash bail of Sh5 million to secure his freedom.

As if that was not enough, another friend-turned-foe, Sammy Boit arap Kogo was in the court vicinity, with police officers in town, ready to pounce on him, had the court given him back his freedom.

2017 ELECTION

The former legislator, who got a paltry 3,832 votes in last year’s presidential election, was whisked into police custody, until he posted cash bail of Sh5 million on Thursday afternoon, to secure his release.

Upon his release, Sports and Culture Cabinet Secretary Rashid Echesa tweeted thanking Deputy President (DP) William Ruto for bailing out Mr Jirongo. “Thank you your excellency for standing with our brother in his time of need. We will always remain indebted to you,” he said.

It later emerged that Devolution Cabinet Secretary Eugene Wamalwa, who was in court during the entire proceedings, deposited his Mercedes Benz logbook valued at Sh2 million as surety for the embattled politician.

A close friend Mr Jirongo who requested not to be named in this article, said that the DP gave the CS Wamalwa Sh3 million in cash to top up Mr Jirongo’s bail.

Mr Kogo was not in court on Thursday when Mr Jirongo was released, but the businessman has been pursuing the United Democratic party leader over a debt of Sh700 million.

Last year, Mr Kogo successfully sought bankruptcy order against Mr Jirongo after he failed to pay the money, but the order was set aside following an appeal by Mr Jirongo to him run in the October 26, 2017 repeat presidential elections.

Mr Kogo did not actually give Mr Jirongo cash, rather the Sh700 million debt is the value of the former’s properties which he gave to National Bank of Kenya as surety for a loan that the bank advanced to Mr Jirongo.

However, he defaulted on paying the loan forcing the bank to auction Mr Kogo’s properties in 2009. He also defaulted on his promise to pay back Mr Kogo by January 2014 forcing the businessman to file bankruptcy orders against him.

Another person pursuing Mr Jirongo over a debt is Central Organisations of Trade Unions boss Francis Atwoli, who wants to recover Sh100 million from Mr Jirongo.

The trade unionist claimed that under an agreement made in August 10, 2016, he advanced Sh100 million to Mr Jirongo, payable in 50 days, with an interest of Sh10 million.

PROJECTS

Mr Jirongo allegedly made an undertaking on October 10,2016 admitting his indebtedness to Mr Atwoli and he promised to repay ...
Read More


Category: topnews news politics

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@DailyNation

Fortunes turn as former millionaire Jirongo now broke

1 months ago, 23 Sep 05:00

By: Sam Kiplagat

It is often said that the road of life is never without trials and tribulations, but in the case of former MP and presidential candidate Cyrus Jirongo, his tribulations appear to be piling up by the day.

The former Lugari MP spent two nights in police custody after his friend-turned-foe, Bryan Yongo had him arrested for failing pay a debt of Sh25 million.

Since his arrest on Tuesday, Mr Jirongo spent two days at Muthangari police station after failing to raise a cash bail of Sh5 million to secure his freedom.

As if that was not enough, another friend-turned-foe, Sammy Boit arap Kogo was in the court vicinity, with police officers in town, ready to pounce on him, had the court given him back his freedom.

2017 ELECTION

The former legislator, who got a paltry 3,832 votes in last year’s presidential election, was whisked into police custody, until he posted cash bail of Sh5 million on Thursday afternoon, to secure his release.

Upon his release, Sports and Culture Cabinet Secretary Rashid Echesa tweeted thanking Deputy President (DP) William Ruto for bailing out Mr Jirongo. “Thank you your excellency for standing with our brother in his time of need. We will always remain indebted to you,” he said.

It later emerged that Devolution Cabinet Secretary Eugene Wamalwa, who was in court during the entire proceedings, deposited his Mercedes Benz logbook valued at Sh2 million as surety for the embattled politician.

A close friend Mr Jirongo who requested not to be named in this article, said that the DP gave the CS Wamalwa Sh3 million in cash to top up Mr Jirongo’s bail.

Mr Kogo was not in court on Thursday when Mr Jirongo was released, but the businessman has been pursuing the United Democratic party leader over a debt of Sh700 million.

Last year, Mr Kogo successfully sought bankruptcy order against Mr Jirongo after he failed to pay the money, but the order was set aside following an appeal by Mr Jirongo to him run in the October 26, 2017 repeat presidential elections.

Mr Kogo did not actually give Mr Jirongo cash, rather the Sh700 million debt is the value of the former’s properties which he gave to National Bank of Kenya as surety for a loan that the bank advanced to Mr Jirongo.

However, he defaulted on paying the loan forcing the bank to auction Mr Kogo’s properties in 2009. He also defaulted on his promise to pay back Mr Kogo by January 2014 forcing the businessman to file bankruptcy orders against him.

Another person pursuing Mr Jirongo over a debt is Central Organisations of Trade Unions boss Francis Atwoli, who wants to recover Sh100 million from Mr Jirongo.

The trade unionist claimed that under an agreement made in August 10, 2016, he advanced Sh100 million to Mr Jirongo, payable in 50 days, with an interest of Sh10 million.

PROJECTS

Mr Jirongo allegedly made an undertaking on October 10,2016 admitting his indebtedness to Mr Atwoli and he promised to repay ...
Read More

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