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Originally published by Capital News
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September 3, 2026
6h ago

Man Charged Over Alleged Sh28mn Housing Fraud Targeting 22 Victims

Man Charged Over Alleged Sh28mn Housing Fraud Targeting 22 Victims

Bildad Wambua was arraigned at the Makadara Law Courts on Wednesday, September 2, where he faced multiple counts of obtaining money by false pretences contrary to Section 313 of the Penal Code and money laundering...

✨ Key Highlights

A director of Gladdens Homes Limited, Bildad Wambua, has been charged with allegedly defrauding 22 victims of KSh28 million in a fraudulent housing scheme in Nairobi.

  • KSh28 million allegedly lost by 22 victims.
  • Bildad Wambua, director of Gladdens Homes Limited, faces charges.
  • The alleged fraud occurred between 2024 and 2026, involving a purported housing development on Land Title No. Nairobi/Block A 40/474.

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