This House adopts the Report of the Public Petitions Committee on its consideration of a …

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2 Aug 2023 Moved by Nimrod Mbai Seconded by Janet Sitienei National Assembly 13th Passed/Adopted

Motion text

THAT, this House adopts the Report of the Public Petitions Committee on its consideration of a Public Petition No. 07 of 2022 regarding Probable Loss of Investments in Cytonn High Yields Solutions Platform, laid on the Table of the House on Thursday, 4th May, 2023 subject to– a) “Insertion of the following new recommendation (iv) after the expression “2023” (iv) “The Directorate of Criminal Investigations undertakes thorough investigations on the matters listed hereunder within 90 days from the date of the adoption of the Report - a. affairs of Cytonn particularly on the matters raised in this petition and proffer criminal prosecution against any person found culpable; b. the relationship between officials of Cytonn and the Capital Markets Authority between the period of 2015 and 2021; c. the business dealings of the 49 SPVs including their assets and liabilities if any; and d. the business dealings of Mr. Edwin Harold Dayan Dande including his assets and liabilities.” b) Re-numbering paragraph (iv) appearing on page 32 of the Report as paragraph (v).

Tracker remarks

Adopted with amendments (in bold)

Source: parliament.go.ke. Last updated 5 Jul 2026.