Home Business Investor asks court to liquidate Cytonn over Sh14m debt

Investor asks court to liquidate Cytonn over Sh14m debt

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Nation | by Joseph Wangui


A businessman has moved to court seeking liquidation of property dealer Cytonn Investment Management Plc over failure to settle a Sh14 million debt.

Mr George Kirigi Thogo, in an insolvency petition filed at the High Court in Nairobi, says the company is indebted to him for a sum of Sh14,264,538 being the principal amount and interest. The money is still earning interest.

On diverse dates between October 18, 2019 and February 7, 2020, Mr Thogo entered into a top-up, also known as…

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