Gold investor tells court he deposited Ksh65M into advocate Conrad Maloba’s accounts
By Zipporah Ngwatu, July 27, 2026A foreign gold investor, Andrew Adel Gaballa, has testified that he deposited USD 505,000, equivalent to Ksh65,417,700, into a Nairobi advocate’s bank accounts as payment for 590 kilogrammes of gold he was being sold by Duncan Okonji Okaka.
Appearing before Milimani Court Principal Magistrate Paul Mutai on Wednesday, July 22, 2026, Gaballa told the court that he had paid Okaka for the gold through two different accounts belonging to advocate Conrad Maloba.
Testifying virtually, the foreigner also informed the court that he had previously met Advocate Maloba in his office located at Global Trade Centre.
Andrew revealed that he was given the account numbers to channel the money, and he first deposited USD 495,000, which currently equals Ksh64,122,300, to Conrad Law Advocates LLP Trust account domiciled at Eco Bank on February 13, 2026.
“Your honour, the first account number was an Eco Bank number, and there were two transfers, knew was for USD 495,000, and that amount was paid on February 13, 2026, and was sent from me on request of Conrad,” Gaballa told the court.
“I was sent on request of Conrad as he requested when I was in Dubai from my bank, ADIB (Abu Dhabi Islamic Bank), on Sheikh Zayed Road, so I had to be physically in Dubai,” the businessman added.
Further, the businessman told the court that on the same date, February 13, 2026, he transferred another USD 10,000 equivalent to Ksh1,295,400 to Conrad Advocates LLP account domiciled at Diamond Trust Bank Limited.
Notably, he told the court that he had presented a SWIFT transfer fund document with a bank stamp, which he got, indicating that the monies he had transferred to Advocate Maloba’s accounts were received on February 13, 2026, as part of his evidence.
The court heard that the complainant visited Kenya, where negotiations were made, agreements were reached, and there were two documents signed. A sales and purchase agreement and a collateral management agreement that were signed before he returned to Dubai and made the payments.
Notably, the foreigner informed the court there was a third agreement, which is a letter of engagement for legal services and funds management, which was signed with Conrad Law Advocates LLP.
According to the charge sheet, the prosecution states that between January 19, 2026 and February 13, 2026, within Nairobi County, Okaka, jointly with others, conspired to defraud Gaballa a sum of USD505,000 by falsely pretending he was in a position to sell him the 590 kilogrammes of gold, a fact he knew to be false.