
BY NT CORRESPONDENT.
A man has been charged with conspiracy to defraud over Sh20 million from a lender.
Nicholas Muia Kyengo appeared before various Milimani Magistrates court and denied the charges.
Progressive Credit limited employee Kyengo is accused that on the diverse dates between 11th day of March 2022 to 17th day of July 2024 Nairobi County jointly with others before court, conspired to steal Sh10,478,460 property of Progressive Credit limited.
Prosecution told the court that On the diverse dates between 12th day of February 2022 to 19th day of July this year within Nairobi County jointly with others before court, Kyengo conspired together to steal Sh6,209,840 property of the lending financial institution.
Kyengo is further charged with stealing Sh 5,824,570 which came into his possession by virtue of employment.
He was released on a cash bail os Sh500,000 pending hearing and determination of his criminal case.