DCI reveals how SACCO accountant diverted Ksh16M from members’ accounts
By Aloys Michael, February 15, 2026Detectives from the Directorate of Criminal Investigations (DCI) have arrested an accountant suspected of being behind a multimillion- shilling fraud in the Savings and Credit Cooperative Society (SACCO).
In a statement on Sunday, February 15, 2026, the DCI said officers from its Banking Fraud Investigation Unit (BFIU) apprehended the person of interest, a former accountant at the SACCO, for masterminding the fraudulent transactions amounting to Ksh16 million.
“An accountant has been apprehended for masterminding a fraudulent scheme that led to a sacco lose over Ksh16 million, thanks to meticulous investigations by detectives from the Banking Fraud Investigation Unit (BFIU),” the X statement read in part.
According to the sleuths, the person of interest authorised cheque payments from members’ accounts in collusion with external accomplices, resulting in an initial loss of Ksh6,852,166.
At the same time, DCI uncovered additional Ksh9.16 million fraud, total losses hit Ksh16.01 million.
Investigations reveal that the person of interest collaborated with a businessman and a construction company director, whose cheques were fraudulently processed and cashed, suggesting the scam was orchestrated by multiple parties.
The funds were then channelled into accounts belonging to the businessman and other SACCO members.
As part of the scheme, a total of 58 cheques are said to have been issued, cleared, and deposited.
Investigators noted that the cheques in question were never recorded in the SACCO’s cheque ledger, pointing to a calculated attempt to conceal the fraud, even as forensic analysis links the person of interest to forged withdrawal slips used to siphon off part of the funds.
Irregular transfer of assets
The latest arrest comes days after the DCI confirmed the apprehension of a person of interest in a case involving a company which had complained about the irregular transfer of its assets.
In a statement posted on its X account on Friday, February 13, 2026, the investigative agency said the individual is being processed in connection with the fraudulent transfer of motor vehicles belonging to Digitalent Systems Limited.
According to the DCI, weeks of investigations by detectives attached to the Serious Crime Unit linked the individual to the transfer of two vehicles, a Land Rover Discovery and a Nissan Sylphy, both registered under the company’s name.
“Using a web of forged documents, the person of interest, who is one of the company directors, deceitfully transferred ownership of not one but two company vehicles: a Land Rover Discovery and a Nissan Sylphy, into his name.”
According to the investigators, the forged documents were used to effect the change of ownership, allowing the vehicles to be registered under private ownership without the company’s consent.
The person of interest will remain in custody as he awaits arraignment in court on Monday, February 16, 2026.