Jirongo land sold for Sh53m to recover Dubai Bank loan

Former Lugari MP Cyrus Jirongo. FILE PHOTO | NMG

The Central Bank of Kenya (CBK) on Wednesday sold former Lugari MP Cyrus Jirongo’s 103-acre farm for Sh53 million in a bid to recover loans owed to the collapsed Dubai Bank.

The politician-cum businessman, through his three companies, owed Dubai Bank Sh495 million at the time of its collapse.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.