Court Orders Massive Search in Sh500 Million International Fraud Probe Linked to Politician “Money Bior”
A Nairobi court has authorized a sweeping investigation into an alleged Sh500 million international fraud scheme linked to flamboyant politician Robert Riaga, widely known by his alias “Money Bior.”
The order, issued by Milimani Chief Magistrate’s Court, allows detectives from the Economic and Commercial Crimes Unit (ECCU) to conduct extensive searches at multiple premises associated with Riaga, city lawyer Stephen Juma Ndeda, and 16 other suspects believed to be part of an organized criminal enterprise that defrauded an American investor of nearly USD 800,000 (Sh98.7 million).
American Investor Targeted in Elaborate Scheme
The investigation trails complaints by Blake Charles Stringer, an American businessman and director of Nutra-Acres LLC in Texas, who travelled to Kenya seeking to finance agricultural ventures across Africa. His interest was picked up by a Kenyan outfit known as Affluent Wealth Management, leading to a series of Zoom negotiations with individuals now listed as suspects.
Stringer was allegedly enticed with an offer of a Sh500 million loan, but investigators say he was duped into paying huge sums under the guise of securing a mandatory life insurance policy from a fictitious underwriter.
The Insurance Ruse
Detectives say Stringer was referred to Collins Juma, introduced as CEO of “Toureg Insurance Agency,” which purported to represent a Swedish firm known as Continental Insurance.
Believing the process legitimate, Stringer reportedly sent multiple payments between June 2024 and January 2025 — funds investigators say were channeled into accounts belonging to the suspects and several companies under probe, including:
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Toureg Insurance Agency
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Urufle Trading Company Ltd
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Fatimark Energy Ltd
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Albeirut Wael Enterprises
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Affluent Wealth Managers
The American also paid USD 56,400 to Ndeda & Company Advocates, whom he believed was providing legal assistance, and an additional USD 5,000 to another suspect for setting up a local subsidiary.
Search Warrant Targets High-End Offices Across Nairobi
The court’s warrant empowers detectives to raid and collect documents, computers, servers, mobile phones, and other digital devices. The targeted premises include:
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Flamingo Towers, Upper Hill
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Silver Stone Building, Kilimani
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PWC Towers, Westlands
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Uhuru Highway Mall, Nairobi West
DCI Corporal Brian Musau, in his affidavit, told the court that these premises are believed to house crucial digital and financial evidence.
Lawyer Charged as Probe Deepens
City Lawyer Stephen Ndeda Charged in Sh6.7 Million Money Laundering and Forgery Case
City advocate Stephen Juma Ndeda has already appeared before the Kahawa Law Courts, charged with:
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Conspiracy to defraud
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Obtaining money by false pretence
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Engaging in organized crime
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Money laundering
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Acquiring proceeds of crime
The prosecution alleges his law firm was used to lend legitimacy to the fraudulent scheme. Ndeda, accused of also being a director of Toureg Insurance Agency, has sought a review of his bail terms.
Riaga’s Political Setback Turns Into Legal Nightmare
Riaga, who recently suffered a crushing defeat in the Kasipul by-election, is alleged to have turned on his campaign team before being thrust into the center of the international fraud controversy.
The court-sanctioned search now forms part of a broader investigation into his alleged involvement in long-running “wash wash” and high-value fraud operations.
Case Mention Date
The matter is scheduled for mention on December 8, 2025, when the court will address bail review applications and give further directions.