SUPREME COURT SLAP RUTO IN THE FACE 🚨By Stopping Rutos Plan To Sell Cytonn 11B Estate To His Company

SUPREME COURT SLAP RUTO IN THE FACE 🚨By Stopping Rutos Plan To Sell Cytonn 11B Estate To His Company WHAT SUPREME COURT’S RULING ON CYTONN RECEIVERS MEAN TO INVESTORS 🫆The Supreme Court has paused the government’s plan to recover and sell off roughly Sh11B in Cytonn-linked properties. 🫆This stops the Official Receiver from acting on vesting orders that would have transferred those assets for disposal. 🫆A five-judge bench issued the order while Cytonn’s constitutional appeal is pending. 🫆Curiously, the bench says it found Cytonn’s appeal raises genuine, arguable questions — not just a delay tactic — therefore pre-empting its’ final decision to the detriment of investors 🫆What the decision means ✅Property rights, of Cytonn shareholders and not the initial investors, take precedence for now — the court is signaling that asset seizure/disposal can’t proceed until the underlying constitutional question is settled. ✅Fair hearing concerns are live — the ruling suggests the process used to arrive at the vesting orders may not have given Cytonn adequate opportunity to be heard. ✅State recovery efforts are stalled, not defeated — this is a halt pending appeal, not a final loss for the government; the substantive constitutional questions still need to be argued and decided. ✅Sets a cautionary precedent — other state-led asset recovery/receivership actions may face similar scrutiny if due process and property rights aren’t clearly satisfied first. ✅Raises the bar for future vesting orders — regulators/receivers may need stronger procedural safeguards before disposing of contested assets going forward #ruto #kenya #gachagua #trendingkenya #statehousekenya #cytonn #supremecourt