Jirongo’s property auctioned over a Sh495m debt - News Summed Up

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Jirongo’s property auctioned over a Sh495m debt


By LILLIAN MUTAVIMore by this AuthorPresidential aspirant Cyrus Jirongo suffered a major setback after he lost property worth millions of shillings after auctioneers attached his property for defaulting on a loan amounting to Sh495 million. Valley Auctioneers sold 103 acres (41.56 Hectares) of land belonging to Kuza farms & Allied Limited. EMBARRASSINGA public notice by Valley Auctioneers stated that they were under instructions to sell the property. The property is vacant,” read the public notice. Mr Jirongo, who is vying for the presidency on the United Democratic Party (UDP), had claimed in court that the receivership was illegal.


Source: Daily Nation July 05, 2017 19:30 UTC



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