IRENE ONYANGO.
A businessman has been charged with stealing over Sh100 million from Family Bank.
Elias Kivuti Nyaga appeared before Milimani Senior Principal Magistrate Gilbert Shikwe and denied the charge preferred against him.
Kivuti is alleged to have stolen Sh106.5 million from Family Bank, an offence he allegedly committed between July 1, 2019 and November 25, 2021.
The charge stated that he committed the offence jointly with others not before court.
The court further heard that in the course of stealing, Kivuti dishonestly received the money into his bank account, knowing or having reason to believe that the money was stolen or unlawfully obtained.
The court ordered him to deposit cash bail of Sh6 million to secure his release.
The matter will be mentioned on July 21 for directions on the hearing.
