Nairobi Businessman Mukuria Ngamau will serve a mandatory seven-year jail term and pay a hefty penalty of Sh900 million for illegal payments siphoned from the Youth Enterprise Development Fund.

Ngamau reportedly received Sh180 million falsified payments from the Youth Fund. He was found guilty of conspiracy to commit an economic crime, unlawful acquisition of public property and making false documents. He committed the offences on diverse dates between November 17, 2014, and May 4, 2015, within Nairobi county.

The businessman is said to have colluded with the late former Youth Fund CEO, Ms Catherine Namuye to transfer money from the Fund’s main account held at Chase Bank transferred to his Quorandum Ltd trading account.

According to the evidence tabled in court, Mr Ngamau and his trading company was paid without rendering any services and the contract documents tabled for the alleged provision of ICT consultancy services were forged.

The sentence comes three years after the properties that Ngamau had purchased using the money were seized by the Assets Recovery Agency after been flagged as proceeds of crime.

At the time of her death, Ms Namuye was facing 12 counts of corruption charges alongside former Youth Fund board chairman, Bruce Odhiambo (also deceased).

Related

Former Youth Fund boss Namuye dies in her Nairobi house