NSE : How Capital Market Leaders Deceived President Ruto ~ Edwin Dande, CEO Cytonn Investment
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- Опубликовано: 6 окт 2024
- The Situation Room- Produced By Ednah Ombaso
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Spice please bring him back to tell us where he put our money 💰
Kindly enlighten me
Very eye opening. I have learnt a lot. Thank you
This is really valuable information. Every Kenyan should listen to this. I have been very educated by this interview. Thank you Spice FM and Edwin. I hope Kenya becomes an investing country as it was in the Kibaki years, and even better! I am hopeful and optimistic about the future of Kenya. I truly hope that the government is listening and plans to take massive action. It can be done!
The guy is a con. Don't fall for him
@@ichooseviolence2532 how do you know he's a con? just curious
@@NjorogeGATEITEI very true. This man is a f**king bustard. He's speaking big and great here while he's seating on our millions and he can't pay it out. CYTONN IS A SCAM.what!! Cytonn is government regulated???!! THATS A LIE. CHY IS NOT COVERMENT REGULATED. HES SPEAKING BULLSHEAT HERE. TALKING BIG WHILE FIGHTING ONE COURT AFTER THE OTHER. WHEN THE GOVERNMENT PUT THEM ON RECEIVERSHIP, THEY BREAK THE AGREEMENT CONDITIONS AND EVEN MAKE IT VERY HARD FOR THE ADMIN TO GO THROUGH FOR THE OWNED TO RECEIVE THEIR MONEY. If you want to join those owned, karibu sana!!!!!
Not to cons like this man!!..And these are the people who are bringing kenya down.
@@NjorogeGATEITEI
Singapore did what Dande is advising via Housing Board and got 90% of their population to own affordable housing.
Wow just love Mr Edwin, he has expounded so candidly with a clear vision of what is hailing us. I mean this is the brain who ought to be our trade CS. Unfortunately, political appointments is something else. 🇰🇪
He is a con
I just came for the comments section
A doctored interview to cleanse Dande. He stole in britam and was convicted. He has stolen investors money in cytonn and there are several cases in court on this. Why can't the interviewers ask these questions. Bure kabisa.
Great point. That's why it's called githeri media.
convicted by whom? just hot air.
Not yet convicted but innocent investors day is soon coming.. you can bribe your way using people’s savings , but you will not bribe everybody.
He was never convicted.
No other CEO has dragged himself in all sorts of dirt like this one. No respect for the market regulators, currently spinning in mud with same investors he took money from. What sort of business is this that wants to dictate what it can do using other people's money
This guy is perpetrating the very same thing he is trying to "solve". By not honouring his contractual obligations with the CPN/CHYS clients, he is essentially "killing" the hope of transforming the capital markets since no one will ever trust private companies again with their money in the name of investing. Nice work 👏🏾
Exactly. Kenyan markets can't trusted like in the developed nations. They're full of smart folks that lack integrity.
From outright fraud at the NSE to collapsing banks, saccos, pyramid schemes. A firm destroys investor wealth & sues them just to rub the salt in lol.
There's no consequences to face for the
regulators, auditors, lawyers & executives involved.
You lose your money the moment you cede control to these Cos. Buy a farm, start a business, travel & forget the rest. It's your money.
Kenyans still trust putting money in banks even after Chase bank, Imperial bank, and other banks collapsed. Cytonn honored its contractual obligations with her investors 100%. How?
There was a clause in the investment contracts that gave the Cytonn board powers to indefinitely freeze withdrawals of funds from these products to safeguard the Cytonn investment funds from total collapse during times of severe market shock, like Covid shocks. Investors were happy to sign such contracts.
Did you think that such clauses in the contract were simply lofty aspirations? No, each clause in the contract is legally enforceable. That's why the courts cannot compel Cytonn board to do anything, because you agreed to ALL the investment terms and conditions.
@@gabiesanchez8943 , you got that right. not just Cytonn, all real estate funds have the liquidity gate clauses, only a foolish manager would fail to put it for a real estate portfolio. when the clause was triggered, some investors have become "victims", instead of focussing on restructuring the portfolio.
@Edwin Dande, now that we are talking clauses, what does the corporate guarantee clause by CIMP mean?
Edwin is a smart man. What he is describing - the monopoly by banks, and their capture of key institutions, is a real problem. That crippling monopoly has stopped economic progress. There can be no free markets without competition. I'm sure when he comes back, he will describe the anatomy of Cytonn's crisis, and the deliberate sabotage by CMA, banking cartels, and a pliant uncritical press that seeks headlines, at the expense of a company's reputation.
Allan..ur right but just like he said, it is culture...the fear of TMI(too much info) we culturally believe that learning is finite...get to Uni, fully charged and now discharge the knowledge via a job...but truth is learning is a daily GRIND!! in perpetuity!; that is to explain to you why our press can't hack that level of intricacy, intrigues!
No word about Cytonn woes?
Very valuable information thank you,
I am 26 yrs old, and I bet I am lucky to have started my financial journey early this year. My vision is to branch out into more int'l financial vehicles🤑
Oh wow!!
Congratulations. I am so proud of you. 👏👏👏
Keep it up.
Oh wow! Congratulations 🎉👏👏👏👏
I'm so proud of you.
Keep it up; be consistent; diversify. Compound. You'll be set to go.
A very enlightening interview. The trillion dollar (pun unintended) question, did someone in government listen
With all his "knowledge" of capital markets he is asking investors to take a 30% haircut receive 40% of the remaining investment as equity in a failing company and the rest be paid in 10 years. Never mind the inflation that will have eroded their investments! Since 2020 investors have not received any payments. Too much talk with no output. Hot air!! He is only good at blaming CMA for his incompetency as a fund manager.
Irene K, i shoot straight. thats why its called an investment, it entails risk. even for the most brilliant investment manager, sometimes you can triple your money and sometimes you can lose everything. what matters is how you engage and manage risk.
Why are hosting a conman 😡😡😡
1. i suspect you are just a disgruntled investor rather than a genuine commentator. rather than habor the third world mentality that returns to belong to me, and the risks to the investment manager and serikali saidia, it may make more sense to engage your investment manager on how to safeguard and monetize your investment. 2. Spice is not doing me any favors hosting me, i have content that i can easily distribute via facebook live. we need each other. 3. these are just side shows, we have guiding contracts, and we have to stay firmly on the contract.
@@edwindande9305 so rude
Great lessons learnt
This guy is brilliant, could you spice fm bring in CMA chairman to come and explain to us what steps the body has taken in addressing the issues raised by Edwin Dande.
How do you praise ba con. He is a conman
This is the kind of people that spice fm should be interviewing more often. Kenyans are fade up with political interviews.
No, he's a man who shud not appear in any interviews! He's out to hook more innocent Kenyans! Never, never be tempted! Flee as fast as u can
@@norahbett2565 ooh really?
@Jackson Omamo you mean he is a swindler
Very dangerous man. Run, run, run and never look back
@@norahbett2565 Edwin is not asking anyone to invest anywhere. Seems you have not listened.
Spot-on Edwin.🚀🚀
Very bold and candid discussion which has brought out the truth why the wheel barrow pusher, mama mboga and working class are locked out of financial growth .
Very insightful
Let him explain to Kenyans why 4000 investors of CHYS&CPN had to write an open letter to Mr. President seeking his intervention on 18th October 2022, see the standard Newspaper page 7
Would love to explain. And no there are no 4,000 investors who wrote to the president. Those are a few investors who think they can masquerade as hustlers, (whatever that means), to get out of their contractual arrangements. Does not work like that. With investments, you must confront and manage risks. Having said that, would be great to meet the president in order to share the challenges in the real estate sector
If there is a few hustlers. How about the Msma Mboga who lost money through your pyramid scheme. Cytonn REIT is a pyramid scheme
@@edwindande9305 pay up innocent Kenyans their hard earned savings, stop shamelessly defending theft .. shame on you… NKT!!!!!
Dande, shut up your big mouth and pay the money you stole from investors
I truly despise this man. How do u chest thump having looted investors hard earned money 💸💸💰.?
This is very insightful and eye opening
Anne, Maheni Matheri.. Uyu nigutee kabisa . Ponzi scheme.
Good insights. But you guys should have asked him about the investors' money that Cyton swindled and stole.
Omogambi, there is nothing swindled, those are stories tu. Would love for them to invite me back i address. Please ask Spice FM to invite me back please and the agenda is just the Cytonn Real Estate funds.
@@edwindande9305 Did you pay back the investors Mr Dande?
Mr Dande.answer the above question
That is what shouldve taken you there in the first place instead of talking of funds which are no longer operating
In plain sight. Kama Ruto tu. Prolific conmen.
sharp dude. bring in more professionals like this. learned alot.
This guy is correct, Capital markets authority in Kenya is moribund. Nobody believes in them. We invested in uchumi Safaricom and kengen, and made no significant profits.
is the guy from the collapsing cytonn now the expert?
Imagine. This Kenya is full of fools. Remember Dr Gitari(gakuyo real estate)he is also a preacher Shiet man
He is knowledgeable in capital raising and real estate is a different animal that requires long term deep capital which get rich quick investors don't appreciate
@@charlesnyagah7423 greed kills every good plan bro.
We have lost sacco money which we invested in cytonn. The same was to mature in a year's time in 2020 Sept. Todate it's just stories being sung.
He is an expert at chewing other people's money 🤣 huyu ni Gakuyo real estate mwenye ameenda shule.
I just listened to him complain about the laws and authorities that frustrated his efforts to chew more investor money and he sounds so sincere and convincing that I totally get why people were conned.
Ona vile ame zubaisha hawa journalists na kizungu hadi wakasahau kumuuliza alipeleka wapi pesa za watu wale alikua ana promise 18% returns 🤣
Very educational information 👍
The Nairobi Securities exchange has lost Sh627.5 billion of investor wealth since the beginning of the year.
The value of all stocks stood at Sh1.95 trillion, the lowest point in 19-years.
- Business Daily
This guy is very shallow in specifics he can't even define what is a capital market?
He has spoken to a lawyer to avoid incriminating himself, just pay investors their money
Bold! Very informative
This gentleman is very intelligent, he is the type that should be at the top of CMA
Very informative!
How is cyton performing ....
A very smart guy.have been following on him.
He is justva con. No more
Please upload these episodes on Spotify as well for audio
Corporate governance is the real problem in the capital markets. Insider trading, mismanagement, compromised regulator, corruption et al.
Who is here 2024 after that Milimani Law courts incident?
Dande's eloquence can deceive you, thousands of Kenyans lost loads of money through Cytonn.
Did he mention why Cytonn is in critical condition?
Valuable info
That was a quite eye opening…regulation is generally good but it should not mean stifling development.
Excellent and informative discussion. Edwin is very clear and easy to understand in his explanations. He is an excellent trainer, in my opinion. I wish government could listen to people like him to come up with good, effective programmes! Government, listen up!
Thanks Marion, they are beginning to listen. I have been approached by several officials to give them position papers. they are listening, whether they will implement that is another story.
The Somali proverb is "Abkeey dooli dilow dad nool maas u daahaa" Loosely translated as my friend or one who kills rat will he be late in killing living human been. which means one who has no mercy at all, If one can kill harmless small animal like rodent then he is ruthless.
This proverb originated from "reer xamar" means the light skinned people also known as cad cads that come from xamarweyne(Muqdisho), I will say they are almost the same as Swahilis in culture and origin.
Best show
Don't listen to this guy. He has conned investors of their hard earned money running to billions. Ask kerato the administrator.
I would never advise any Kenyan to invest in NSE unless for a long term like you buy stocks and sell them after 300 years you great great great great great grand grand grand children almost 50 generations they will get their profit I invested to a well profitable bank 55 shilling per share on 2014 up to date 2022 the share have never reached 50 nine years later
You are too deep in theory bro. But thats why cytonn is in ICU....Tunakuona sana
This guy is a smooth criminal.
The problem with dande is his professionalism and competence and too much uncalculated ambition plans. You can't use other people's savings to start new ventures as he did. He should have acquired already stable or distressed but with potential assets and restructured them for growth since they are already well proven.
What discussion are you contributing to here. This was about financing through CMA. The other solutions you are purporting to give Cytonne you should implement in your own company if you have any, then lets see the results. Cytonne has always been targeted because Dande left Britam with a huge chunk of clients that competitors sensationalize to create panic everytime they have challenges. Covid disrupted investments all over the world but in Kenya it was made to sound as if Cytonne was a scam. Give him a break, he is investing like every other Kenyan.
You do not ubderstand the mariange of capital market and innovation ideas
Mike, think you are wrong. No fund can withstand sustained regulatory attacks. But i am happy to debate it.
Am not sure who is right but few years ago wanted to join but there were alot of things not adding up friend told me he has lost money gave up well spoken you can be swayed in but is it worthwhile.
Listening to him cheating innocent Kenyans hurts me! Let him tell Kenyans y he's not lived up to the Contract he signed with many Kenyans many yrs ago? I gave him my Pension in 2018 & was to give me 20% interest, annually but not a single cent to date! My MoU with him was for 3yrs!!!! Kenyans don't be fooled by lies! Never never
@@norahbett2565 Am sorry that happened to you could be in the same situation.Afriend saved me Let's hope for the best outcome with your situation.
this session must reach the president
Collo, it did. I know.
@@edwindande9305 do you see it being put into effect? This might be one of the most positive economical effect that changes this country to another level for a lifetime
I see someone who read Adam Smith and Milton Friedman...
This guy literally duped investors and took off with their money😃😃
I would say if you can see your father killing a mouse he would be a hero...and nothing would ever challenge him....so don't put that much faith in people who can do small things and expect them to handle big things
Safi sana
The idea of listing parastatals on the stock exchange though a good idea but alot has to be done. Parastatals generally are known to be managed not by experts in the field but cronies. they are one of the worst managed businesses in kenya with corruption, waste and over staffing is the order of the day making them the worst investment one can put their money in. Dont take my word just look at how many paras are in the red. They have to be privatized before listing. and given time to how performance 3-5 yrs. But just listing them as is for the sakes of listing is a bad idea.
the would be listed as a means of privatising them and getting them out of government's hand.
How is Latiff so knowledgeable on all these day in and day out just pulling out facts from the top of his head on every topic. Kwa hio ya leo ata mi nimefloat though ive finally seen the interlinking between affordable housing and capital markets. Still not a fan of PPP but in this instance it makes sense. Much respect to journalists of your calibre @spice fm
I. Keep wondering too
Xecellent
A wolf talking about sheep's welfare :) :) A True Lehman Brothers Alumni
He is a scammer, he scammed alot of people from fictitous cyton yields, now he is advising the same people he scammed
The question is is anyone in Rutos govt listening and taking notes and do what it takes other wise we will be here in 5yrs time talking why we could not do 250,000 houses a year or is it 500,000.
Let me say housing is one of the biggest components of an economy from jobs to everything else that requires housing like manufacturing and the products needed to buidl housing to furniture meaning whole industires are created out of housing including financial apsects of it.
In USA housing is a 1.6 trillion economy alone. Remember how housing almost brought down the USA economy in 2008 and the govt had to bail out the economy all because of housing?
So housing is another industry unto itself like tea, horticulture, tourism. One can gauge the economy by how many people are buying houses. Housing is another determinant on how the economy is doing.
So Ruto needs to ensure that he gets competent people to run housing dept from the CS to PS they need people who undertand all aspects of housing the finance part of it, the building part of it etc. Housing ministry will need experts akin to treasury. so Ruto please dont give us wash wash people working in housing you need competemt folk running the ministry. its not a place to fill with polticial rejects. I wish hinga the current PS is retained. he is an overall view about housing from financial aspect and even how to distribute the houses whereby only those who need the houses get them and not certain interests.
Great content.
Missing link....consumer education
Fake interview why didn't ask him why he disappeared with investors money.
He paid not to be asked.
I almost lost my money in Cyton . The deal sounded too good I left
Exactly 💯..umesema ukweli..
This is why we call them githeri media, ignored the fraudulent elephant in the room for the sake of politeness
The introduction proverb was meant for him
He is smart.but pyramid schemes r too much.he did accounting and finance @rutgers state university.
I studied with his sibling @Kaunda Dande.was smart too
@@NjorogeGATEITEI MBA at Upenn (Wharton) probably
The only one person whose job is to wake up and try con more Kenyans
Mr president please call this man to your office. Dispora has been waiting for real financial change. I personally lost alot of money through agents not regulated properly! there is a big problem in that office.
My friend, read the negative comments before you get excited. All that glitters is not gold!
Just being cautious.
If a platform can host someone that later turns out to have lead many under financially, the credibility of the platform as well as the hosts is to be question because these platforms are part of the machine used to deceive the masses.
Call him back to pay us the money he borrowed in full
Interesting coincidence....Dande wanting to shake the Banks the way that DONDE once tried and succeeded somewhat....Way Forward...name your child Donde, dande, Dundee etc...Jokes aside, this man should meet Ndii on the regular...and to shock most Azimio guys...Ruto could just be the guy to shake up things...You see Ruto wants to be WEALTHY just like kina Uhunye did, Only difference is...HE DOESN'T MIND OTHER PEOPLE GETTING WEALTHY TOO...I now understand what he meant by DYNASTY. Sorry to be a bit TRIBAL but now I realize Luos Need Ruto more than he needs them!
Eric could be looking for a way for cytonn to join the CMA to be able to raise more capital.
Great show, great information by Dande.
asante.
Leadership
You started with a Proverb. My father has killed a mouse, why won't he kill a man. This man have already killed a good number of mouse and now looking to kill a man." LET THEM REFUND THE CHY INVESTORS WHO HAVE BEEN WAITING FOR YEARS. THEN COME AND SPEAK GREAT HERE " DOES HE MEAN HE FAILED THE FIRST ONE HE'LL MAKE IT NOW!! OR HES LOOKING TO INCAPACITATE MORE PEOPLE FINANCIALLY??
Listening to him engage innocent Kenyans hurts me to the core! A lot of theory & his arrest in the past won't be the last, unless he repays the millions he conned innocent investors! He'll soon be hiding,l again! His passport shud be with the police kind ago!?!?
We are missing a point. How many Kenyans who are able to earn at least 50k. I tell you they are way less
I have just watched a video by a man called Orwa. Can this Edwin be trusted?
No he's a A CON MAN
I blame the government over the failure of capital markets for all this long. Cartels please 🥺 at least have mercy and love your country 😏😏😏
You guys should have given Mr.Dande a glass of water. He is really swallowing his saliva.
Yaani wewe tu kumeza mate ndio uliona😂
I’m a native Somali speaker and never heard of such proverb. 😂
Cyton is cytaaan!
When is he paying our Money that he lied would earn high yield interests!!! May God deal with him!
That's why our country is in such a mess.
Tell the bearded guy to ask short questions if he has any. He talks too much and consumes Dandes time. Dande is there to educate us and we are enjoying
We call it financial education, i cant save my cash in a bank or rather fixed account
Youre on point sir its actually stupid to put money in a fixed acount in kenya what is 0.5 return.Better put money in a fixed return like in old mutual.
Safe it anywhere else but not in cytonn, investors money has drunk water. They wish their millions were in savings or fixed account.
*save*
@@danielgituku90 i never save money, heri nitafte mtu anauza hata shamba tuandikanie nilipe kila mwezi kuliko unapea mtu pesa akuekee 😂😂
My CEO, well spoken
Your CEO defrauded investors.
He runs a pyramid scheme. Kenyans be warned..
Your accomplish in defrauding people their hard earned money
You are all cons,stupid people
Wewe tetea kazi yako
That they deceived Dr Ruto where was Dr,Ndio? This is pure lie
In my opinion the cartels at it again in that office. Surely at the expense of our economy. Cytonn Ridgeways delayed due to nonsense issues!
Nope you have not paid us oue money ge borrowed under the same tongue
Dande give us our money back!!!!!
Am a client of Cytonn
Pole sana. We are crying blood tears with our money in a deep dark hole under this conman.
@@DrAnneWMainapole sana. Thieves are always sweet talkers?
You talk too much Con . Pay the investors their hard earned cash . Period.
this intro was 🔥 :D
This guy loves posturing stuff CMA but that 1% miniscule portion he was allowed he wrecked havoc. The company went burst but his still talking like the company is up and running successfully. Ask him what projects he's completed last three years and you'll understand this is a conman
Why don't we have good public schools in Karen?
its an affluent community, which is looking for affluent schools. public schools may not offer a ham and cheese croissant sandwich, that a karen kid may want for a snack.
These systemic roadblocks he is reffering to against raising capital are meant to protect the public from people who have a high appetite for chewing other people's money like himself 😂
The son of Gakuyo real estate is here to sanitize his reputation and our Githeri media, true to form and standard practise are here to cheer him on and dance to his tune with soft ball questions..😂
Utter rubbish spice fm, have some shame.
still though is the flaws in his reasoning are you sure that he was spitting out malice or is there truth at all
Froggy 🐸 is a conman per excellence
Kennedy, the word protecting the public sounds very seductive and is often bandied around to justify stupid rules in capital markets. But in reality there is not data to back the assertion: where was this protection when Chase bank bond, imperial bank bond, mumias sugar, ARM commercial paper, Transcentury bond, Uchumi, Real people bond, CMC motors, Amana Capital, Nakumatt commercial paper, all these were either regulated or packaged by a regulated entity, and the investors walked away mostly with zero... nothing. where was your protector of the public when this was happening? the best protection of an asset in the underlying asset, such as real estate, not some hot air protector.
Kennedy, any response to the data that i provided you about the so called protection of the public?
Am Somalian ethnically being one of them i never come across to what comes out of your mouth related to Somali community at large....!!
Unasemaje shemeji
Cyton collapsed... N u didn't pay people
Entertaining a conman
Edwin sounds so smart
Sounds but is not.
Smast. Try ask him how much of investors money he's lost.
@@mikemwinzi343 no client money has been lost they just lack liquidity which once sorted by selling some units they are good to go
, the intention of the firm at the beginning might have been genuine. But trust you me, I know when to call out a bluff
@@oliechgeofrey4323, I know when to call out a bluff. This is one!
Cytonn is a scam
This dude has no idea about wallstreet. No one funds ideas in the States. You do everything yourself. Thirs nothing easy in the States