Detectives from the Directorate of Criminal Investigations (DCI) have arrested an accountant accused of orchestrating a fraudulent scheme that led to the loss of more than Ksh16 million at a Sacco.
In a statement released Sunday, the DCI said Amos Fikiri Ruwa, a former Sacco accountant, allegedly authorised cheque payments from members’ accounts in collusion with external accomplices. The arrest followed investigations by the Banking Fraud Investigation Unit (BFIU).
According to investigators, the Sacco initially lost Ksh6,852,166 through fraudulent transactions, followed by an additional Ksh9,161,000, bringing the total loss to Ksh16,013,166.
DCI alleges Ruwa conspired with Mohamed Abdulrahman, a businessman and director of a construction company, whose fraudulent cheques were reportedly cashed. Authorities say funds were diverted into accounts belonging to Abdulrahman and other unsuspecting Sacco members.
A total of 58 cheques were allegedly fraudulently issued, cleared, and deposited. Forensic analysis further revealed forged withdrawal slips linked to Ruwa, which investigators say enabled him to siphon funds. The transactions were not recorded in the Sacco’s cheque ledger, suggesting a deliberate effort to conceal the fraud.
Abdulrahman was arrested on January 17, 2026, and presented in court in connection with the scheme. Ruwa was arrested on February 14, 2026, and remains in custody pending arraignment.
The DCI stated it remains committed to combating fraud within financial institutions through intelligence-led investigations to ensure all those involved are held accountable.
