How Cytonn snared investors in massive real estate losses

Cytonn CEO Edwin Dande

Cytonn Investments Managing Limited Managing Partner and Chief Executive Officer, Edwin Dande. 

Photo credit: File | Nation Media Group

The recently concluded High Court case has exposed how operations of Cytonn Investments Management Plc (CIMP) were light on investor protections while giving the promoters led by Edwin Dande wide-reaching powers.

When launching operations, Cytonn ran glitzy ads in which it invited prospective investors to be “Cytonnaires” and not just regular millionaires.

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