Connect with us

Hi, what are you looking for?

Cyprian Is Nyakundi

News

Inside the court battle between Goldrock owner Sidney Wachira and PRISK CEO Joseph Njagi

Liberty Afrika Technologies owner Sidney Wachira has sued PRISK CEO Dr Joseph Njagi over non-payment of a Sh2 million loan.

Sidney Wachira is also the proprietor of Goldrock, the company that owned and scammed Kenyans through the e-Citizen portal.

According to court documents, Mr Wachira lent Dr Njagi a sum of Sh2 million shillings on December 10th 2021.

The money was to be repaid on 28th February 2022, failure to which the loan would accrue more interest of 3.75% per month.

“It was a further term in the agreement that if the Defendant failed to repay the loan amount in full by the 28th February 2022 then amount would attract interest at the rate of 3.75% per month on a reducing balance,” the court document, civil suit number E189 of 2022 filed at the Milimani Commercial Courts, stated in part.

Dr Njagi would fail to pay the money by February and in July 2022, Mr Wachira entered into a new agreement where he accepted payments of Sh200k per month with effect from 6th November 2022.

Mr Wachira now wants the court to compel Dr Njagi to pay him Sh2.6 million as of November 2022, and a further amount calculated at 3.75% per month.

“REASONS WHEREOF the Plaintiff prays for judgment against the Defendant for: a) The sum of Kshs 2,000,000/= being the principal amount; b) Kes. 600,000/= being interest from 1st March, 2022 to 31st October, 2022; c) Further interest at the rate of 3.75% per month from 1st November 2022 until payment in full; d) Costs of the suit and interest at court rates,” the affidavit sworn by Sidney Wachira before Kiingati Ndirangu & Associates Advocates concluded.

The applicant shared the written loan agreement that he entered with the CEO of PRISK.

He also shared the WhatsAPP messages and minutes of meetings at the Liberty Afrika Technologies.

READ:

  1. Shadowy Goldrock Capital at the center of e-Citizen’s looting
  2. The e-Citizen Connection: How KECOBO is masterminding data theft for private gain

The messages on WhatsApp shows a man playing cat and mouse games with the other.

Liberty Afrika Technologies’ minutes unanimously resolved that the money should be paid.

Now it has turned into a court case.

Our Take

It appears from this case that Dr Njagi has made it easy for PRISK to be targeted for extortion of data by both KECOBO and Liberty Afrika Technologies.

There was another case where KECOBO was sued by Tenacle Limited.

The Court’s sway on the side of KECOBO raised eyebrows as the copyright body granted Liberty Afrika Technologies the National Registry Rights (NRR) without due diligence.

Clearly, the courts were compromised

The music industry is a crime scene, thanks to KECOBO and Liberty Afrika.

Loader Loading...
EAD Logo Taking too long?

Reload Reload document
| Open Open in new tab


Would you like to get published on this Popular Blog? You can now email Cyprian Nyakundi any breaking news, Exposes, story ideas, human interest articles or interesting videos on: [email protected] Videos and pictures can be sent to +254 710 280 973 on WhatsApp, Signal and Telegram.


Comments

comments

Click to comment

Facebook

You May Also Like

News

Post Views: 8,586 Move over, roses and chocolates, there’s a new romantic gesture in town and it’s all thanks to Kevin Mboya, a digital...

News

Post Views: 5,256 TikTok sensation, Azziad Nasenya, has addressed the recent scandal surrounding a viral explicit video that has been circulating on social media....

News

Post Views: 4,946 On Tuesday evening, former Education Cabinet Secretary Professor George Magoha was confirmed dead in Nairobi Hospital. The news of his death...

General

Post Views: 4,219 News that two individuals were arrested for causing a commotion while claiming ownership of a Karen estate land set my alarm...

Copyright © 2021 Cyprian Is Nyakundi.

sbobet

sbobet88

https://hightidekinsale.com/wp-includes/sbobet/

https://advantagehomecare.com/wp-includes/sbobet/

https://micg-adventist.org/wp-includes/slot-gacor/

http://nvzprd-agentmanifest.ivanticloud.com/

daftar sbobet

https://brentfordgymnasticsclub.com/wp-includes/sbobet/

https://jenniferallenlaw.com/wp-includes/sbobet/

https://phuonghoangschool.com/wp-includes/

%d bloggers like this: