• About Us
    • Write for US
  • Terms
    • Newsletter
  • Privacy
    • DMCA
  • Contact Us
  • Nyosake Ltd
  • Afrobays
  • The Sun
  • African History
  • African Walk of Fame
Wednesday, April 21, 2021
  • Login
Nyongesa Sande
DONATE
  • Home
  • General News
  • World
    • Africa
    • African History
    • African Inventions
  • Politics
    • Opinion
    • Counties
  • Business
    • Wealth
    • Real Estate
    • Advertisement
    • Top Deals
    • Billionaires
  • How To
  • Technology
    • All
    • Top Deals
    CodeXpress Technology (software development)

    CodeXpress Technology (software development)

    List of the Best M.E.P Companies in Doha, Qatar

    List of the Best MEP Suppliers in Qatar

    CEG International

    CEG International

    List of wadis of Qatar

    Best Chemicals & Allied Product Companies in Qatar

    List of wadis of Qatar

    List of the Best Advertising, Media & Marketing Companies in Qatar

    List of wadis of Qatar

    List of the Best Access Control Companies in Qatar

    Trending Tags

    • Sillicon Valley
    • Climate Change
    • Election Results
    • Flat Earth
    • Golden Globes
    • MotoGP 2017
    • Mr. Robot
    • Science
    • Education
    • Android
      • Phones
      • Reviews
      • ChromeBooks
      • VPN
    • Facts
    • Gift Guides
    • Windows
      • Windows 10
      • Surface
      • PC Components
      • Laptops
    • Apple
      • Mac Specs
      • iPhone
      • iPad
      • Apple Watch
      • Apple TV
  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Sports
    The top 200 greatest reggae songs

    The top 200 greatest reggae songs

    Dennis Oliech

    Dennis Oliech

    List of wadis of Qatar

    List of The Best Sports & Fitness Companies in Qatar

    How to review and download viewing history on Netflix

    Netflix Contact Information

    How to review and download viewing history on Netflix

    How to use a mobile device to watch Netflix on a TV

    How to review and download viewing history on Netflix

    How can I watch Netflix on my TV?

    How to review and download viewing history on Netflix

    Why Can’t I download a TV show or movie on Netflix

    What is Netflix?

    How to download movies from Netflix for offline viewing

    How to review and download viewing history on Netflix

    My Netflix email was changed without my permission

    • Gaming
    • Lyrics
    • Top 100
    • Artists
    • Music
    • Movie
    • Celebrities
  • Lifestyle
    • All
    • food
    • Health
    • Travel
    Flags of Africa

    Top Places to Visit In Lesotho On Your Next Vacation

    Flags of Africa

    Top Places to Visit In South Africa On Your Next Vacation

    Flags of Africa

    Top Places to Visit In Eswatini On Your Next Vacation

    Flags of Africa

    Top Places to Visit In Mozambique On Your Next Vacation

    Dakar, Senegal

    Dakar, Senegal

    Conakry, Guinea

    Conakry, Guinea

    Kenya

    Apply for a Private Medical Institution Licence in Kenya

    Top Places to Visit In Egypt On Your Next Vacation

    Top Places to Visit In Egypt On Your Next Vacation

    Top Places to Visit In Malawi On Your Next Vacation

    Top Places to Visit In Malawi On Your Next Vacation

    Top Places to Visit In Burundi On Your Next Vacation

    Top Places to Visit In Burundi On Your Next Vacation

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
    • Travel
    • Fashion
    • Health
    • food
  • Sports
  • Video
No Result
View All Result
Nyongesa Sande
  • Home
  • General News
  • World
    • Africa
    • African History
    • African Inventions
  • Politics
    • Opinion
    • Counties
  • Business
    • Wealth
    • Real Estate
    • Advertisement
    • Top Deals
    • Billionaires
  • How To
  • Technology
    • All
    • Top Deals
    CodeXpress Technology (software development)

    CodeXpress Technology (software development)

    List of the Best M.E.P Companies in Doha, Qatar

    List of the Best MEP Suppliers in Qatar

    CEG International

    CEG International

    List of wadis of Qatar

    Best Chemicals & Allied Product Companies in Qatar

    List of wadis of Qatar

    List of the Best Advertising, Media & Marketing Companies in Qatar

    List of wadis of Qatar

    List of the Best Access Control Companies in Qatar

    Trending Tags

    • Sillicon Valley
    • Climate Change
    • Election Results
    • Flat Earth
    • Golden Globes
    • MotoGP 2017
    • Mr. Robot
    • Science
    • Education
    • Android
      • Phones
      • Reviews
      • ChromeBooks
      • VPN
    • Facts
    • Gift Guides
    • Windows
      • Windows 10
      • Surface
      • PC Components
      • Laptops
    • Apple
      • Mac Specs
      • iPhone
      • iPad
      • Apple Watch
      • Apple TV
  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Sports
    The top 200 greatest reggae songs

    The top 200 greatest reggae songs

    Dennis Oliech

    Dennis Oliech

    List of wadis of Qatar

    List of The Best Sports & Fitness Companies in Qatar

    How to review and download viewing history on Netflix

    Netflix Contact Information

    How to review and download viewing history on Netflix

    How to use a mobile device to watch Netflix on a TV

    How to review and download viewing history on Netflix

    How can I watch Netflix on my TV?

    How to review and download viewing history on Netflix

    Why Can’t I download a TV show or movie on Netflix

    What is Netflix?

    How to download movies from Netflix for offline viewing

    How to review and download viewing history on Netflix

    My Netflix email was changed without my permission

    • Gaming
    • Lyrics
    • Top 100
    • Artists
    • Music
    • Movie
    • Celebrities
  • Lifestyle
    • All
    • food
    • Health
    • Travel
    Flags of Africa

    Top Places to Visit In Lesotho On Your Next Vacation

    Flags of Africa

    Top Places to Visit In South Africa On Your Next Vacation

    Flags of Africa

    Top Places to Visit In Eswatini On Your Next Vacation

    Flags of Africa

    Top Places to Visit In Mozambique On Your Next Vacation

    Dakar, Senegal

    Dakar, Senegal

    Conakry, Guinea

    Conakry, Guinea

    Kenya

    Apply for a Private Medical Institution Licence in Kenya

    Top Places to Visit In Egypt On Your Next Vacation

    Top Places to Visit In Egypt On Your Next Vacation

    Top Places to Visit In Malawi On Your Next Vacation

    Top Places to Visit In Malawi On Your Next Vacation

    Top Places to Visit In Burundi On Your Next Vacation

    Top Places to Visit In Burundi On Your Next Vacation

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
    • Travel
    • Fashion
    • Health
    • food
  • Sports
  • Video
No Result
View All Result
No Result
View All Result
Nyongesa Sande
Home Counties

Former ICEA manager Lincolin Kivuti jailed for 9 years

7 months ago
in Africa, Business
Reading Time: 2 mins read
Former ICEA manager Lincolin Kivuti  jailed for 9 years
FacebookTwitterWhatsappTelegramPinterest

Its confirmed that A Nairobi Court has  jailed former Insurance Company of East Africa (ICEA) manager Lincolin Kivuti Njeru for nine years for stealing about Sh62.8m. ICEA manager Lincolin jailed

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. Last week, the court found Mr Njeru guilty of stealing more than Sh62.7 million from his employer through collapsed Nyaga Stockbrokers.

Milimani Law Courts chief magistrate Francis Andayi said Njeru, stole the money, dismissing his defence that “it was an investment loss.” ICEA manager Lincolin jailed

Mr Andayi said that from the audit reports, evidence by the prosecution and the chain of cash transactions, it’s clear Njeru stole the millions.

Mr Njeru, 58, received the Sh62.7 million through Nyaga stockbrokers for sale of ICEA share investments and channelled the proceeds to his personal accounts.

The millions were supposed to be wired to the insurance firm’s accounts, but Mr Njeru who was then an investment manager at the firm said the cash got lost through erosion of share value at the Nairobi bourse.

ADVERTISEMENT

Mr Andayi said the accused could not explain the source of the millions of shillings he held in his bank accounts.

The magistrate ruled that Mr Njeru was guilty of stealing Sh62,704,835.60 from ICEA.

The court said the money deposited in the accounts of ICEA were withdrawn and deposited into the personal account of Mr Njeru.

The offence took place between January 17, 2003 and September 20, 2005.

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.

You May also Like

Flags of Africa

Top Places to Visit In Lesotho On Your Next Vacation

17 hours ago
Flags of Africa

Top Places to Visit In South Africa On Your Next Vacation

18 hours ago

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.

ShareTweetSendSendScanSharePin
Nyongesa Sande

Nyongesa Sande

Am a Kenyan Based Politician, Senior blogger, Digital Communications expert, YouTuber, Pan Africanist, columnist, Human Rights Activist, informer & businessman. Contact me on +254791890826 or Email Me on info@nyongesasande.com

Related Posts

Flags of Africa
Africa

Top Places to Visit In Lesotho On Your Next Vacation

17 hours ago
Flags of Africa
Africa

Top Places to Visit In South Africa On Your Next Vacation

18 hours ago
Chad President Idriss Deby has died: Army spokesman
Africa

Chad President Idriss Deby has died: Army spokesman

19 hours ago
Load More
Nyongesa Sande

© 2020 Nyongesa Sande

NAVIGATE NYONGESA SANDE PAGES

  • About Us
  • Terms
  • Privacy
  • Contact Us
  • Nyosake Ltd
  • Afrobays
  • The Sun
  • African History
  • African Walk of Fame

FIND US

No Result
View All Result
  • Home
  • General News
  • World
    • Africa
    • African History
    • African Inventions
  • Politics
    • Opinion
    • Counties
  • Business
    • Wealth
    • Real Estate
    • Advertisement
    • Top Deals
    • Billionaires
  • How To
  • Technology
    • Science
    • Education
    • Android
      • Phones
      • Reviews
      • ChromeBooks
      • VPN
    • Facts
    • Gift Guides
    • Windows
      • Windows 10
      • Surface
      • PC Components
      • Laptops
    • Apple
      • Mac Specs
      • iPhone
      • iPad
      • Apple Watch
      • Apple TV
  • Entertainment
    • Gaming
    • Lyrics
    • Top 100
    • Artists
    • Music
    • Movie
    • Celebrities
  • Lifestyle
    • Travel
    • Fashion
    • Health
    • food
  • Sports
  • Video

© 2020 Nyongesa Sande

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.