A director of a Nairobi-based real estate company was on Tuesday, April 22 arraigned over allegations of fraud.

Abdiwahab Adan Maalim, the Director of Vaad Limited, is accused of defrauding an innocent Kenyans out of his KSh6.4 million.

The alleged victim filed a complaint at the Directorate of Criminal Investigations (DCI) Headquarters on December 30, 2024.

The report detailed how Maalim allegedly solicited KSh6.4 million from the complainant, claiming he would construct a house as part of Oakside Phase 2 project in Syokimau area of Mavoko Municipality.

Investigators from the Economic and Commercial Crimes Unit launched a thorough investigation and uncovered that Maalim had entered into a contractual agreement with the complainant for the construction of a house.

Dated September 22, 2022, the agreement stipulated a total project cost of KSh13 million, which included a KSh3 million upfront deposit and subsequent periodic payments, all expected to be completed within 24 months.

No construction 7 months later

However, as it turned out, seven months after the deposit was made, the complainant had disbursed a total of KSh6.4 million, but Maalim and his company were yet to commence any construction work.

Upon visiting the designated site, DCI detectives confirmed that over a year had passed since the agreed completion date, and neither the foundation nor any construction had begun.

Appearing before the Chief Magistrate’s Court at the Milimani Law Courts, Maalim pleaded not guilty to the charges against him.

He was subsequently released on a bond of KSh1 million and a cash bail of KSh100,000.

The case is set for mention on May 12, 2025.

The DCI says it has received multiple complaints against Maalim and Vaad Limited, all currently under investigation, and urges anyone who may have fallen victim to Maalim to come forward and file their reports at the DCI Headquarters.