An accountant has been arrested over an alleged fraudulent scheme that led to the loss of more than Ksh.16 million at a Sacco.
The Directorate of Criminal Investigations (DCI) on Sunday said Amos Fikiri Ruwa, a former accountant at the Sacco, was apprehended on Saturday, February 14, 2026, and is currently in custody awaiting arraignment.
His arrest comes weeks after his alleged accomplice, Mohamed Abdulrahman, was arrested on January 17, 2026, and presented before the court.
According to detectives from the Banking Fraud Investigation Unit (BFIU), Ruwa allegedly masterminded the scheme by authorising cheque transactions using members’ accounts in collusion with external accomplices.
Investigations revealed that the Sacco initially lost Ksh.6,852,166 through fraudulent transactions, followed by an additional Ksh.9,161,000, bringing the total loss to Ksh.16,013,166.
Detectives allege that Ruwa conspired with Abdulrahman, a businessman and director of a construction company, whose fraudulent cheques were reportedly cashed. The funds were diverted into various unsuspecting members’ accounts.
A total of 58 cheques were fraudulently issued, cleared and deposited into accounts belonging to Abdulrahman and other unsuspecting members, the DCI reports.
Forensic analysis further linked Ruwa to alleged forged withdrawal slips that enabled him to siphon portions of the funds. Investigators noted that the cheques in question were never recorded in the cheque ledger, pointing to a deliberate attempt to conceal the transactions.
