DCI Arrests Sacco Accountant Over Alleged KSh 16 Million Fraud Scheme
Directorate of Criminal Investigations (DCI) detectives have arrested Amos Fikiri Ruwa, a former accountant at an unnamed Savings and Credit Cooperative Society (Sacco), for allegedly masterminding a fraud scheme that caused the organization to lose over KSh 16 million.
The arrest took place on Saturday, February 14, 2026, and Ruwa is currently in custody pending arraignment. This follows the earlier arrest of his alleged accomplice, businessman Mohamed Abdulrahman, on January 17, 2026, who has already appeared in court.
Investigations by the Banking Fraud Investigation Unit (BFIU) uncovered that Ruwa authorized fraudulent cheque transactions using members' accounts in collusion with external accomplices. A total of 58 cheques were issued, cleared, and deposited into accounts linked to Abdulrahman and other unsuspecting members, without being recorded in the Sacco's cheque ledger—an apparent effort to hide the activities. Forensic analysis also tied Ruwa to forged withdrawal slips used to divert funds. The initial loss amounted to KSh 6,852,166, with an additional KSh 9,161,000 siphoned later, bringing the total to KSh 16,013,166.
The case underscores ongoing challenges with internal fraud in Kenyan financial cooperatives, where trusted employees exploit access to members' savings. The DCI emphasized the role of meticulous forensic work in cracking the scheme, and Ruwa's apprehension completes the pursuit of the key internal suspect. Authorities continue to process him for court appearance as the investigation proceeds.
