The arrogance and temperament of Kenyan wakilis ladies and gentlemen.

Moving on, to matters other than threats... I will repost for those who missed it with all these pointless posts. See below. PS - for future reference, I will not be responding to tony stark or sparkly as they are deviating from the topic at hand with threats. Sounds just like the CEO of a certain company in my humble, peasant, non learned opinion.

https://twitter.com/cyto...365527503394193412?s=21

Cytonn is launching an overdraft facility. Customers can borrow money from them and customers pays back with interest.

Is this not worrying anyone?
Cytonn have defaulted on payments over 300 million kshs, based on ACTIVE court cases from the last 6 months alone.
Probably more.

Now they are lending money? Who’s money?
Who’s money are they lending when they can’t even pay back their current customers?
This pyramid scheme keeps getting worse and it is baffling that no regulatory body, regardless of their authority, is speaking out before billions more get stolen from innocent customers

They have apologized, they have pulled down the story. There is still the matter of damages (cash payment) upon proof of damages by Cytonn.

Keep us posted and try to avoid digging yourself in the same hole. The money you receive to smear Cytonn name will not be enough to pay them damages.

Hahahahaha

It is a case of misdirecting their ire at a media outlet with the least muscle to fight back. Something Cytonn has done time and time again. Threatening and intimidating the little guy. Regardless, this incident blew up in Cytonns face. They are trending on Twitter for this reason.

Any big media outlet would have it thrown out and sue Cytonn in return. They wouldn’t dare.

Cytonn are simply trolls trying to abuse the courts to strangle free speech and freedom of information.

This was bound to happen and it is wonderful that a smaller media outlet like Kenyan wal street are being praised for calling out the pyramid scheme! Big respect to them.

@VVS the message is that you should never accuse people esp people with money, power or both of crimes, immorality or impropriety unless you have solid evidence.

If you don't have solid evidence you can use ambiguous terms like "a powerful minister", "a prominent business man", "a decorated wazuan"

If Cytonn is indeed a reputable firm, then it should be able to raise money from high networth individuals, global institutions/companies etc.

The fact that Cytonn need to sell assets to raise kshs. 122 million ($1.22 million) is shocking to me.

The fact that Edwin with his Wharton network can't make phone call and pull in $100 million and have to fundraise from middle class Kenyans should be concerning.

If you raise money from Paul Kimani and people in his social class then don't blame them or anyone if they keep calling you on Monday, Wednesday and Friday to check their balance. Legitimate private equity will never pitch to small money investors, in fact most of them set a minimum investment of $1 million and 7 years investment period. I don't know Cytonne model and why they didn't raise money from high networth clients.