News
Directors of Brighter Africa Limited Face Fraud and Unlicensed Microfinance Charges in Nairobi Court
Brian Mukolwe and his wife, Yvette Atieno Okoth; both directors of the company appeared before Chief Magistrate Lucas Onyina at the Milimani Law Courts.
Two directors of Brighter Africa Limited were arraigned in a Nairobi court today on charges of conspiracy to defraud.
Brian Mukolwe and his wife, Yvette Atieno Okoth; both directors of the company appeared before Chief Magistrate Lucas Onyina at the Milimani Law Courts.
The prosecution alleged that between April and May 2024, the couple conspired to defraud Andanje Sheila Buyechero of Ksh 20,750,000 by falsely claiming they would invest the money in a collective scheme on her behalf.
The two also face similar charges involving Ernest Were, whom they allegedly defrauded of Ksh 8,786,100 under the pretense of investing the funds in a collective scheme.
In addition to the fraud charges, the couple was charged with operating a microfinance business without a license from the Central Bank of Kenya, an offense under Kenyan financial regulations.
Both suspects pleaded not guilty to the charges. The court granted them release on a bond of Ksh 500,000 or an alternative cash bail of Ksh 100,000 each.
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