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Young Kenyan University Lady Found with Ksh102 Million Explains How She Got the Money

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A 21-year-old student at Nairobi Technical Training Institute caught with Ksh102,654,024 in her bank account has finally explained the source of the money.

The lady explained that the money was sent to her by her Belgian boyfriend as a gift, something that did not convince the Assets Recovery Agency (ARA), which is now seeking orders to freeze her account.

The ARA moved to court to seek orders to freeze the account until investigations into the matter is concluded.

In its affidavit, the agency told court that the money was wired into the lady’s account two days after opening the account on August 2, 2021, raising the need to establish whether the funds were proceeds of unlawful activities.

“There are reasonable grounds to believe that the funds held in the account in the name of the respondent, are illicit funds in which the respondent is involved in a money-laundering scheme designed to conceal and disguise the nature, source location and movement of the funds.

“Unless this honorable court grants the orders sought, the respondent will continue to enjoy the benefits derived from proceeds of crime,” ARA stated.

ARA noted that first deposit of Ksh25,803,756 was made on August 4, 2021 followed by a deposit of Ksh25,803,756 made on August 5, with the third and fourth deposits coming in on August 6 in separate transactions of Ksh25,242,756 and Ksh25,579,356.

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