By Elizabeth Simiyu
Detectives from the Directorate of Criminal Investigations (DCI) Nairobi Regional Headquarters have arrested Daniel Mbugua Njogu, a 30-year-old man accused of running a widespread fraud scheme.
The suspect, known as Dan, was apprehended at his residence in the Kimbo area for allegedly defrauding unsuspecting victims under the guise of forex trading. This arrest follows an extensive investigation initiated after multiple complaints from victims who reported substantial financial losses.
Njogu purportedly promised his victims significant returns on their forex investments, a financial market known for its high-risk, high-reward nature. However, rather than delivering on these promises, he is accused of swindling them out of their hard-earned money.
“Detectives from DCI Nairobi Regional Headquarters have arrested Daniel Mbugua Njogu, also known as Dan, at his residence in the Kimbo area. Mr. Njogu, aged 30, is accused of defrauding numerous individuals under the guise of forex trading,” stated the DCI.
The agency emphasized that this arrest demonstrates its commitment to combating financial crimes and protecting citizens from fraudulent schemes. Individuals who believe they have been deceived by Njogu are encouraged to report their cases at the DCI’s Nairobi area offices.
As financial fraud poses a significant risk, the public is strongly advised to exercise caution when engaging in forex trading or any online investment activities. It is crucial to verify the legitimacy of brokers and trading platforms before investing any funds, the DCI warned.
Njogu is currently in police custody, awaiting arraignment. The DCI continues to urge any other victims of this scheme to come forward, assuring them that investigations are ongoing to seek justice for those affected. Authorities reiterate the importance of exercising caution in the volatile forex trading sector and other online investment opportunities.