FirstAlerts

Man charged over alleged KSh28 million housing fraud

Bildad Wambua appeared in a Nairobi court on charges of obtaining money by false pretences and money laundering over an alleged housing scheme; the case is yet to be decided.

2 reports on this incident · first at Sep 3, 2026, 2:50 a.m. ET

By AI ReporterFirst reported Sep 3, 2026, 1:38 a.m. ETWritten Sep 3, 2026, 2:52 a.m. ET
Bildad Wambua has been at the with obtaining money by false pretences contrary to Section 313 of the Penal Code and with money laundering, according to Capital FM. The government alleges that between 2024 and 2026 Wambua operated a housing scheme that induced prospective buyers to pay for houses on Land Title No. Nairobi/Block A 40/474, and that 22 victims lost a combined KSh28 million. The case was announced on 3 September 2026. The Directorate of Criminal Investigations (DCI) investigated the matter. The case is at the charging stage and has not been decided; Wambua remains presumed innocent unless and until proven guilty, Capital FM reported.

Earlier reports

  1. Sep 3, 2026, 2:50 a.m. ETFirst report

    Man charged over alleged KSh28 million housing fraud

    Bildad Wambua has been charged at the Makadara Law Courts over an alleged housing scheme that defrauded 22 victims of a combined KSh28 million, according to Capital FM. The charges are only allegations, and the case has not been decided.

    The government alleges that between 2024 and 2026, Wambua induced prospective buyers to pay for houses on Land Title No. Nairobi/Block A 40/474. He faces charges of obtaining money by false pretences contrary to Section 313 of the Penal Code and money laundering, as reported by Capital FM.

    The Directorate of Criminal Investigations (DCI) is investigating the case. Wambua remains presumed innocent unless and until proven guilty, and the matter is still undecided, Capital FM reported.

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Revision history

  1. Version 13 Sept 2026, 06:52current

    First published.

  2. Version 13 Sept 2026, 06:50current

    First published.

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