This Is Why Nacada Boss John Mututho And Son, Daniel Njenga, Might Be Going To Jail
ABC (Africa Banking Corporation) bank wants the Nacada boss John Mututho and his son to be jailed for a minimum period of 6 months for issuing bouncing cheques. The cheques issued are worth KSH 750,000. A company which goes by the name Countryside Suppliers Limited, owned by the two, owes the bank a total of KSh 4.058 million and the cheques that were issued were to help settle part of the debt.
In 2010 the bank had sued Mututho and Mr Njenga and the court had ruled in favour of the bank. Mututho was however able to negotiate a deal which would require him to pay the debt in monthly instalments of Sh250,000, an agreement which the bank says they have failed to honour. The bank now want to know why the two should not be put in civil jail for issuing the bad cheques.
This is not the first time Mr Mututho has had troubles with his company. Last year he survived a criminal case involving his company and the Kenyatta National Hospital (KNH).