Three former senior officials of Afya Sacco Society Limited have denied charges of conspiring to defraud the cooperative of more than Sh40 million through alleged fraudulent transactions spanning nearly four years.
Evans Mung’ahu Kola, Fredrick Kuya Libako and Mumina Mutinda Ingu’i were arraigned before Milimani Chief Magistrate Lucas Onyina, where they pleaded not guilty to multiple counts of conspiracy to defraud, stealing and money laundering.
According to the charge sheet filed by the Office of the Director of Public Prosecutions (ODPP), the accused allegedly orchestrated a scheme that resulted in the loss of Sh40,169,165.69 between April 20, 2021 and January 31, 2025.
Prosecutors claim that the three, working alongside another suspect not before court, manipulated Front Office Service Activity (FOSA) accounts by creating fictitious deposits and withdrawals, which were falsely presented as legitimate Sacco transactions.
“On diverse dates between April 20, 2021 and January 31, 2025 at Afya Sacco Society Ltd in Nairobi CBD, jointly with another not before court, the accused conspired with intent to defraud by creating fraudulent deposits and subsequent withdrawals from FOSA accounts,” the charge sheet states.
In one of the counts, Kola, a former Manager of Afya Micro Credit Activities (AMCA), is charged alone with stealing the entire Sh40.1 million, which prosecutors say came into his possession by virtue of his employment at the Sacco.
Libako separately faces a charge of stealing contrary to Section 268 as read with Section 275 of the Penal Code, with the prosecution alleging that the funds were unlawfully siphoned through Sacco FOSA accounts.
The three are also facing charges under the Proceeds of Crime and Anti-Money Laundering Act (POCAMLA) for allegedly acquiring, using and laundering funds suspected to be proceeds of crime.
Court documents indicate that Kola and Libako are jointly accused of acquiring Sh10,714,999.72, which they “knew or ought to have known” was part of the proceeds of crime, deposited into a specified FOSA account.
Kola further faces additional money laundering counts, including allegations that he jointly used more than Sh24.9 million between December 2021 and May 2025, and Sh1.7 million between January 2022 and August 2023.
In another separate count, Kola is accused of solely using Sh2,801,616 between May 2021 and August 2024, funds prosecutors allege were unlawfully obtained and laundered through Sacco accounts.
All the accused persons denied the charges.
“A plea of not guilty is entered in each of the accused persons in their respective counts,” Chief Magistrate Onyina ruled.
Through their lawyer, Munge, the trio urged the court to grant them bond, arguing that they were not flight risks and would comply with all court conditions.
“All the accused persons have an impeccable record. None of them is a flight risk and they will comply with all the orders set by the court,” Munge told the magistrate.
The prosecution did not oppose the bond application.
Chief Magistrate Onyina released each accused person on a bond of Sh4 million or an alternative cash bail of Sh2 million, with one surety of a similar amount.
The case will be mentioned on January 6, 2026, for pre-trial directions.
