A report by Interpol revealed multi-billion money-laundering syndicate that involve four Kenyans and three Nigerians. Three Kenyan companies and several individuals are at the heart of the KShs. 25 billion money-laundering scheme that was wired into Kenya from Nigeria between October and November 2020.
The suspects are allegedly linked to a powerful Kenyan politician whose name was not disclosed. In April, the Assets Recovery Agency (ARA) froze KShs. 5.6 billion alleged to be part of the KShs. 25 billion international syndicate.
The money was acquired through fraud from UAE, America and several European countries. Kenyan companies involved RemX Capital. The company is registered in Kenya, Dubai and Nigeria. Its directors were identified as John Kisilu Kamusina and Evalyne Wawira Gachok.
The company reportedly held KSh 770.4 million at United Bank for Africa. OIT Africa OIT Africa registered three accounts at Equity Group Holdings Ltd and United Bank for Africa (UBA). The accounts hold a total of KSh 4.8 billion. The directors of OIT Africa include Vionnah Akoth Odongo and Kenneth Odongo Raminya. One of the Kenyans is a sister to a female Nairobi politician linked to the suspected KSh 25 billion money-laundering syndicates.
Multigate Limited Multigate Limited is another company at the centre of the scheme. It’s also registered in Dubai, Kenya and Nigeria with its directors named Olubunmi Akinbanjo Akinyemiju, Nehikhare Eghosasere and Demuren Olufemi Olukunmi.
Money transfer According to a Citizen TV expose on Wednesday, April 27, the directors claimed that they operate a money transfer business, facilitating Kenyans and Nigerians in the diaspora to send and receive money from their loved ones. They denied the allegation of money laundering, being fronted by the international investigator.
The reports indicate that ARA’s investigations were done without prior knowledge of the KSh 25 billion fronted by the Interpol probe. The Interpol report came following the Director of Public Prosecution (DPP) Noordin Haji’s move to go after Kenyan politicians using proceeds of crime to fund their campaigns. Haji set up a multi-agency team to trail and track politicians using laundered money in their campaigns ahead of the August 9 polls. In March 2022, Kenya inked a deal with the government of the United Kingdom (UK), Switzerland and Jersey that saw over KSh 450 million stolen and hidden in offshore accounts returned.