Two directors of private companies have been charged in connection with an alleged Sh1.5 billion fraud involving the Programme for Rural Outreach of Financial Innovation and Technology (PROFIT).
Jackline Kagai Saisi, a director of Jarods Agency Limited, and Fredrick Nyadhe Obindah, a director of Laudrups Kenya Limited, appeared before the Anti-Corruption Court for plea taking. Saisi and her company face one count of unlawful acquisition of public property, while Obindah and his company are charged with unlawful acquisition of public property, acquisition of proceeds of crime and money laundering. Both suspects denied the charges.
During the proceedings, Assistant Director of Public Prosecutions Susan Keli did not oppose Obindah’s release on bail but asked the court to consider the seriousness of the alleged offences when setting the terms. The prosecution, however, opposed Saisi’s release on bail, citing concerns that she could abscond and fail to attend court.
The court heard that investigators had been unable to locate her at her known address in Embakasi after directions were issued for her to be charged. Despite a public notice by the Ethics and Anti-Corruption Commission (EACC) requiring her to present herself for processing, Saisi failed to appear, leading to the issuance of an arrest warrant.
The prosecution further told the court that efforts to secure her attendance had been unsuccessful. It also raised concerns over her reported relocation from Embakasi to Buruburu, arguing that the change of residence raised questions about her willingness to comply with court proceedings.
The court granted Obindah a bond of Sh3 million with a surety of a similar amount, or an alternative cash bail of Sh1.2 million. He was also directed to surrender his passport, attend court in person unless otherwise authorised and refrain from interfering with witnesses.
Saisi was denied bail and remanded in custody pending the preparation and consideration of a pre-bail report.
The matter will be mentioned on November 11, 2026, for further directions.
