Two suspected fraudsters accused of orchestrating a Ksh22.4 million fraud scheme involving a fake edible oil supply tender have been arraigned in court.

The Directorate of Criminal Investigations (DCI) presented Teresia Wanjiku Boru and Hosea Munge Mbugu for prosecution following their arrest.

The Elaborate Con
The scam, which unfolded in January 2024, targeted five businessmen operating in City Market, Nairobi.
Hosea Munge allegedly approached the victims with an enticing business opportunity, claiming that his associate, Teresia Wanjiku, had secured a lucrative contract with the World Food Program (WFP) to supply edible oil to Kakuma Refugee Camp.

The victims, lured by the promise of substantial profits, were convinced to invest millions into the deal.

To add credibility, the fraudsters took them to Eldoret, where they met individuals posing as WFP officials.
The businessmen signed what they believed to be a legitimate contract and transferred their funds, only for the fraudsters to cut off all communication and disappear.

Arrest and Court Proceedings
DCI detectives, through forensic-led intelligence, tracked and arrested Wanjiku in Narumoru and Munge in Nairobi.

The two were arraigned in court, where Wanjiku was denied bond due to an outstanding warrant from a previous case. Munge, however, was granted bond of Sh900,000 with a similar surety or a cash bail option of Sh400,000.

Authorities are now calling on any other victims of the scam to come forward and report to the DCI Nairobi Regional Headquarters or anonymously via the Fichua Kwa DCI toll-free number.

This case serves as a stark reminder for businesses to exercise caution and conduct due diligence before engaging in large financial transactions.