E63/E64 of 2021 CYTONN HIGHYIELD SOLUTIONS V OFFICE OF OFFICIAL RECEIEVER
The Alma, Ruaka — What @ehdande Edwin Dande Is NOT Telling The Unit Buyers.
1/
I am a Creditor. Case Nos. E63/E64 of 2021 — CPN CHYS Liquidation. I was in court. It is a fact that CIMP/CHYS/CPN LLP management continued operating after administration orders. Read carefully below.
2/
SBM Bank holds a registered charge over The Alma, Ruaka. Perfected. On the register. It ranks above every sale agreement signed by every unit buyer. This is not opinion. This is the Land Registration Act.
3/
CPN CHYS Liquidation holds a KES 3.4 billion+ claim on the same asset. Upheld by the High Court. Upheld again by the Court of Appeal — November 2025. It is not going away. It is not a conspiracy. It is a judgment.
4/
Not one unit buyer at The Alma perfected title. Not one transfer was registered. Unregistered interests do not defeat a registered charge. The April 30th verification deadline does not alter this hierarchy. Not by one position. The unit buyers have nothing to show their purchases apart from some green colored receipts.
5/
The insolvency waterfall is not negotiable:
▪ Liquidation costs
▪ Secured creditors — SBM Bank
▪ Preferential creditors
▪ Unsecured creditors — CPN CHYS Liquidation
▪ Unregistered unit buyers — LAST
No WhatsApp group strategy changes this order.
6/
Tonight, Edwin Harold Dayan Dande is inside unit buyer WhatsApp groups telling 301 buyers that the @BRS_Kenya Official Receiver and the @Kenyajudiciary@jsckenya Judiciary are colluding against their property interests.
Let that sink in.
7/
This is the same man who:
▪ Sold 301 units plus another undeveloped 176 units over land he went ahead and charged to SBM Bank debt now at 1.4 billion
▪ Raised KES 11 billion through CHYS from 4,000+ investors
▪ Raised KES 3.6 billion through CPN from 886 investors
▪ Controlled virtually all SPVs as principal partner simultaneously
▪ Continued dealing with assets after court administration orders
▪ Deployed armed guards to block court-appointed liquidators from accessing The Alma
▪ Allocated himself 35 apartments at The Alma — paying not a single cent. His patners own another 40 or so apartments of which they were commuting board allowances to purchase the same, absolutely laughable.
8/
Thirty-five apartments. Zero consideration. While Kenyans paid with their savings, their pensions, their children’s school fees.
He now wants those same buyers to form a human shield between him and the Official Receiver.
The audacity is breathtaking. The legal exposure is total.
9/
What Dande is engineering in that WhatsApp group is not strategy. It is obstruction. He is:
▪ Discrediting the OR to delay asset realisation
▪ Discrediting the Judiciary to undermine court orders
▪ Corralling buyers under his coordination to prevent independent legal action
▪ Buying time — past April 30th — while the clock runs on investor recovery
10/
To every unit buyer in that group:
The man running your “team strategy” designed the structure that left you with no perfected title, over charged land, inside a KES 14+ billion insolvency. Get independent legal advice. File your proof of purchase directly with the OR. Do not let him use you as cover. Not twice.
11/
To @BRS_Kenya the Official Receiver:
The noise about judicial and OR conspiracy is manufactured. It is a delay tactic by a man with 35 unearned apartments and a KES 14 billion hole. The court has spoken twice. Realise the assets. Protect the creditors.
12/
To @KenyaJudiciary and @JSCKenya:
The integrity of Kenya’s insolvency framework is being publicly attacked by a party subject to active liquidation orders — upheld at appellate level. The institution deserves a public reaffirmation that the rule of law, not WhatsApp group strategy, governs property rights in Kenya.
This matter is too large and too public to be left unanswered.
@NationAfrica@StandardKenya@NAssemblyKE@Senate_KE@AGOfficeKenya@DCI_Kenya@MwangoCapital
THE EDWIN DANDE PETITION TO JSC SEEKING REMOVAL OF HON.MABEYA GENERATES MORE HEAT THAN LIGHT
When Mr.Dande @ehdande filed his petition with JSC @jsckenya,he forwarded it to me n sought that I critique it.After reviewing the Petition and the annexures thereto,below are my views:
@steveogollaw 😂😂😂😂😂😂 extempore orders . If you swore an affidavit with falsehoods you will be disbarred as by your words in court today. Utajikaanga na mafuta yako. @MamaAcacia@amauriceus@MwinziMichael
@C_NyaKundiH The thief has been held by the balls,he will be going to jail soon...for the Alma,its done and dusted. This pigs is so dirty that others pigs can't defend him. His time is up