Sharp Daily
No Result
View All Result
Sunday, March 15, 2026
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

Assets Recovery Agency targets First Choice Recruitment in money laundering probe

Huldah Matara by Huldah Matara
October 7, 2024
in News
Reading Time: 1 min read

The Assets Recovery Agency (ARA) has launched an investigation into 27 bank accounts linked to key suspects involved with First Choice Recruitment and Consultancy Agency Limited. These accounts are being scrutinized for potential financial misconduct, including allegations of money laundering and fraud.

First Choice Recruitment has been embroiled in controversy for allegedly defrauding thousands of job seekers by promising overseas employment, particularly in countries like Qatar. Many hopeful candidates paid substantial amounts of money in exchange for these promises but were never offered the jobs they were assured of.

The ARA is working to trace and recover any illicit funds tied to the fraudulent activities.

“Twenty-seven bank accounts belonging to key suspects are being analyzed to track the flow of funds. While most of these accounts have zero balances, some hold negligible amounts, despite having handled large sums during the period of interest in our investigation,” the agency said in a statement.

RELATEDPOSTS

Senate committee slams DCI, EACC for inaction on First Choice Agency

January 10, 2024
Flutterwave

Ksh6.2B Linked To Nigeria’s Flutterwave Frozen In Kenya

July 7, 2022

The investigation began following a petition led by Uasin Gishu County resident Kimutai Kirui, submitted to the Senate Standing Committee on Labour and Social Welfare. The petition called for a thorough investigation into the fraudulent activities of First Choice Recruitment and demanded justice for the victims.

In response, the Senate Committee had previously ordered the recruitment agency to refund over KES 1 billion to victims from Trans Nzoia, Uasin Gishu, Nakuru, and Elgeyo Marakwet counties, who were promised overseas jobs that never came to fruition.

As a further warning, the Ministry of Labour announced on October 3 that First Choice Recruitment and Consultancy Limited is not registered with the National Employment Authority (NEA) and is unauthorized to conduct any recruitment activities, cautioning job seekers against engaging with the agency.

Previous Post

Tata Chemicals Magadi plans tripling of soda ash capacity in Kenya

Next Post

Governor Abdulswamad proposes vehicle ban on Likoni Ferry following safety concerns

Huldah Matara

Huldah Matara

Versatile multimedia journalist with a keen interest in compelling stories that resonate with my audience. Reach out on huldahmatara12@gmail.com

Related Posts

News

entum Exits Sidian Bank After 22-Year Investment Through Final Stake Sale

March 13, 2026
News

Why Risk-Based Pricing Is Replacing Central Bank Rate Lending in Modern Banking

March 13, 2026
News

Building a safety net: How Kenyans can start an emergency fund from scratch

March 13, 2026
News

KRA turns to data intelligence tool to track tax heats across digital platforms

March 13, 2026
News

Billions lost as civil servants steal Sh2.45 Billion from public coffers

March 13, 2026
News

Kenya’s rising treasury bill demand: What it signals for investors

March 13, 2026

LATEST STORIES

Why Employers Should Opt Out of NSSF Tier II into Private Pension Schemes

March 13, 2026

entum Exits Sidian Bank After 22-Year Investment Through Final Stake Sale

March 13, 2026

Why Risk-Based Pricing Is Replacing Central Bank Rate Lending in Modern Banking

March 13, 2026

Building a safety net: How Kenyans can start an emergency fund from scratch

March 13, 2026

WRC Safari Rally Revs Up Kenya’s Economy with Billions in Boost for Tourism and Local Businesses

March 13, 2026

KRA turns to data intelligence tool to track tax heats across digital platforms

March 13, 2026

Billions lost as civil servants steal Sh2.45 Billion from public coffers

March 13, 2026

Rethinking VAT enforcement in Kenya

March 13, 2026
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024