Housing Finance credit officer charged with Ksh 20M theft

Housing Finance Credit Officer, Nixon Ogongo Otieno, has been charged with stealing millions of shillings from the mortgage finance provider.

Otieno is accused, together with others not before court, that on June 25, 2014 at Nairobi’s Housing Finance banking branch on Koinange Street, he stole 20 million shillings belonging to the firm.

Appearing before Milimani Chief Magistrate, Francis Andayi, the accused, however, denied the offence and has been released on a Ksh 2 million cash bail with an alternative of Ksh 3 million bond.

The Judge has also directed Otieno be remanded in police cells until he complies with the set terms for release.

The case set to be heard on April 21.

latest stories