Sharp Daily
No Result
View All Result
Monday, June 2, 2025
  • 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

Budget controller Margaret Nyakang’o in court over KES 29 million fraud case

Brian Murimi by Brian Murimi
December 5, 2023
in News
Reading Time: 1 min read

Controller of Budget Dr. Margaret Nyangate Nyakang’o was charged Tuesday with defrauding a woman of KES 29 million, operating a financial firm without a license and forgery.

Nyakang’o pleaded not guilty before Chief Magistrate Alex Ithuku to defrauding Claudia Mutungi over a six-month period, operating the unlicensed FEB Sacco Society Limited and forging Mutungi’s signature in 2019 at the financial firm in Mombasa.

Ithuku released Nyakang’o on a KES 2 million bond. She was ordered to pay an alternative KES 500,000 in cash bail.

The magistrate also issued summonses for Nyakang’o’s co-defendants: Jackson Ngure Wanjau, Susan Kendi Kiambati, James Makena Wanyangi, John Muchira Kithaka and Jane Karuu Ndanyi.

RELATEDPOSTS

Budget Controller Margaret Nyakang’o decries safety concerns and underfunding

September 19, 2024

High Court continues Injunction preventing prosecution of CoB Margaret Nyakang’o

March 13, 2024

Others charged were Muthoni Eliphas, Joan Chumo, Mercy Ndura Mukora, Gregory Mwangangi Mailu and Michael Kipkirui.

Prosecutors allege Nyakang’o defrauded Mutungi between November 1, 2019, and May 1, 2020 after claiming she operated a real investment firm called FEB Sacco Ltd. She is also charged with running FEB without a proper license from the Sacco Regulatory Authority.

The third count accuses Nyakang’o of forging Mutungi’s signature December 2, 2019 at the FEB office in Mombasa.

The Office of the Director of Public Prosecutions’ coastal regional boss Peter Kiprop led the prosecution alongside attorney Alex Gituma.

Nyakang’o is due back in court December 13.

Previous Post

From design to demolition: A lifecycle view of sustainable buildings

Next Post

Kenyan passport ranked 136th in the world

Brian Murimi

Brian Murimi

Brian Murimi is a journalist with major interests in covering tech, corporates, startups and business news. When he's not writing, you can find him gaming, watching football or sipping a nice cup of tea. Send tips via bireri@thesharpdaily.com

Related Posts

News

Co-op Bank posts KES 6.9 billion profit in Q1’2025

May 16, 2025
Agriculture And Economy
News

Lets get Kenya out of FATF list

May 9, 2025
News

The downside of Impact Investing

May 2, 2025
News

Leadership challenges at the University of Nairobi

April 24, 2025
News

Easter eggs and earnings: Growing your nest egg with CMMF

April 16, 2025
News

Geoffrey Ruku declares KES 377M net worth during CS vetting

April 15, 2025

LATEST STORIES

Best investments for Kenyan seniors: Secure, predictable & low-risk

May 30, 2025

Why June is the Secret Sweet Spot for Travel

May 30, 2025

Strategies to elevate more women to corporate leadership

May 30, 2025

Tap on Kenya’s 2025 tech revolution

May 30, 2025

How CURBS supports employers and employees

May 30, 2025

NSE deserves more attention from young investors

May 29, 2025

The silent strain of remote work on Kenya’s urban workforce

May 29, 2025

How Kenya’s crypto bill could reshape the digital economy

May 29, 2025
  • 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