Three people, among them a manager have been charged with stealing Sh 40 million from Afya Sacco Society Limited.
Evans Mung’ahu Kola, Fredrick Kuya Libako and Mumina Mutinda Ingui are accused of conspiring with intent to defraud by means of creating fraudulent deposits and subsequent withdrawals from FOSA (Front Office Service Activity) accounts falsely pretending that the deposits and withdrawals were genuine which led to loss of Sh 40,169,165.69, the property of Afya Sacco Society Ltd.
It is alleged that they committed the offense on diverse dates between 20th April 2021 and 31st January 2025 at Afya Sacco Ltd in Nairobi, jointly with another not before court.
Kola, the Afya Micro Credit Activities (AMCA) manager and Libano are also charged with acquiring Sh 10,714,999.72 from Afya Sacco and at the time of acquisition of the funds ought to have known that it is or forms part of the proceeds of crime deposited in a FOSA account.
In addition, Kola and Ingui are also charged with acquiring Sh 24,950,999.97 from the Sacco knowing it forms part of proceeds of crime.
The accused persons are facing other charges of acquisition of proceeds of crime and use of proceeds of crime.
They denied the charges before Chief Magistrate Lukas Onyina and were released on a bond of Sh 2 million.
