An employee at a wholesale shop in Nairobi has been charged with stealing Sh296 million between 2018 and 2025. Mohamed Osman Abdile, also the owner of Fatzam Enterprises Limited, is accused of hiding the funds in various bank accounts. The court has granted him bail of Sh3 million.
Mohamed Osman Abdile, an employee at a wholesale shop, has been charged by the Director of Public Prosecutions (DPP) with stealing Sh296,069,084 from Abdi Mohamed Ali between January 1, 2018, and September 30, 2024. Abdile, who owns Fatzam Enterprises Limited (FEL), is accused of concealing the funds in accounts at Kenya Commercial Bank (KCB), Absa Bank, and Equity Bank Limited (EBL) branches in Eastleigh, Nairobi.
According to the charges, Abdile and his associate Hussein Ibrahim Barre, who did not appear in court, used methods such as ordering spaghetti from Arabian Milling & Food Company to hide the crime. The money was transferred to accounts of other companies, including Gigi International Limited and Marray and Sons Venture Limited. Officers from the Banking Fraud Unit (BFU) of the Central Bank of Kenya discovered over Sh116 million in FEL's accounts, and Abdile refused to explain Sh107 million.
On March 12, 2024, Abdile was found with Sh4,759,029 in FEL's KCB account, alleged to be from illicit sources. He denied 30 counts, including conspiracy, theft, and handling stolen property. Abdile claimed the funds came from his work at Mega Shopping Mall.
In court, Abdile applied for bail, stating he would not flee and has invested heavily in the country. The prosecution did not oppose, and the magistrate granted Sh3 million bail with one surety, plus Sh2 million in cash. The case will be mentioned again in two weeks.
