A Nairobi businessman has been charged with being in possession of 100 million fake US dollars.

Stephen Mark Oduk, who appeared before Milimani Chief Magistrate Francis Andayi, denied two counts of being in possession of papers used for forgery and preparation to commit a felony.

The charges against him state that on September 25 at Plan 254 Restaurant along Nyangumi Road in Kilimani, Nairobi County, without lawful authority or exercise, he had in his possession 1,000,000 papers intended to resemble papers used in making the currency of United States’ 100 dollar bills.

In the second count, Oduk was accused that on similar dates and place, he was found in possession of one million papers intended to resemble and pass as special papers such as provided and used in making currency of United States’ 100 dollar bills, circumstances that indicated he was intending to commit an offence of cheating.

The businessman was arrested on September 26 at his Plan 254 club in Nairobi’s Kilimani area. During the raid, Directorate of Criminal Investigations (DCI) sleuths reportedly recovered other items including 147 bars of fake gold.

Oduk has previously been linked to another gold scam involving Danta International.

He was released on Sh1 million bond or a cash bail of Sh500,000. The matter will be mentioned on October 7 and heard on October 30.

Four years ago, flashy tycoon Lucas Mbadi, alias Steve Oduk, painted the town red when he threw a party for his lover, Aeedah Bambi. He rented an entire club for his lover to celebrate her 20th birthday.