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Originally published by Nation News
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July 4, 2026
10h ago

Supreme Court halts State's Sh11 billion Cytonn asset recovery plan

Supreme Court halts State's Sh11 billion Cytonn asset recovery plan

The ruling temporarily stops the Official Receiver from enforcing Court of Appeal orders...

✨ Key Highlights

The Supreme Court has temporarily halted the State's plan to recover and sell Sh11 billion worth of Cytonn-linked properties.

  • The ruling stops the Official Receiver from selling assets valued at Sh11 billion, including The Alma project and Kilimani properties.
  • The Supreme Court found that Cytonn's appeal raises arguable constitutional questions regarding the right to property and a fair hearing.
  • The case involves over 3,000 investors and permits the Cytonn High Yield Solutions (CHYS) Creditors' Committee and SBM Bank Kenya to join the proceedings.

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