Kenya: Court Jails Former ICEA Manager for Stealing Sh62.8 Million

21 September 2020

A court in Nairobi has jailed a former assistant general manager with the Insurance Company of East Africa (ICEA) Lincolin Kivuti Njeru for nine years for stealing Sh62.8 million.

While announcing the sentence on Monday at the Milimani Law Courts, Nairobi Chief Magistrate Francis Andayi said the company lost a colossal sum of money.

Mr Andayi said ICEA CEO Justus Mutiga said the opportunity of investing the money was lost.

Mr Andayi added that the prosecution, led by Ms Angela Fuchaka, proved that it was Njeru who stole the money.

He also said that Sh10 million was recovered from the accused and a further Sh7 million was found in his account.

The court dismissed Njeru's defence that the money was an investment loss at the collapsed Nyaga Stock Brokers.

More From: Nation

Don't Miss

AllAfrica publishes around 900 reports a day from more than 130 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.