Editor's Review

Gladdens Homes Limited Director Bildad Nzuki Wambua was on Wednesday, September 2, arraigned in court over allegations of defrauding 22 victims of a total of Ksh28 million. 

Gladdens Homes Limited Director Bildad Nzuki Wambua was on Wednesday, September 2, arraigned in court over allegations of defrauding 22 victims of a total of Ksh28 million. 

In a statement on Thursday, September 3, the Directorate of Criminal Investigations (DCI) said Wambua was charged with obtaining money by false pretences and money laundering.

“Bildad Nzuki Wambua, a director of Gladdens Homes Limited, was on September 2, 2026, arraigned before the Makadara Law Courts in MCCR No. E5356/2026, where he was formally charged with multiple counts of Obtaining Money by False Pretences contrary to Section 313 of the Penal Code and Money Laundering, following investigations by detectives based in Starehe Sub-County,” read the statement. 

According to the DCI, Wambua operated the scheme between 2024 and 2026 and targeted unsuspecting members of the public. 

The suspect promised the victims that they would acquire houses of different designs and sizes. 

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File image of DCI headquarters. 

The properties were allegedly marketed as being part of the Urban Housing Renewable Development LPP project on Land Title No. Nairobi/Block A 40/474.

“The accused is alleged to have operated a systematic scheme between 2024 and 2026, targeting unsuspecting members of the public by representing to them that they would purchase houses of varying designs and sizes on Land Title No. Nairobi/Block A 40/474, purportedly under the Urban Housing Renewable Development LPP project,” DCI said. 

The investigative agency noted that the victims made the payments through Gladdens Homes Agency, a privately registered entity associated with Wambua after being induced by representations concerning the purported housing project.

During Wambua’s arraignment at the Makadara Law Courts the prosecution opposed his release on bond. 

The court scheduled to deliver its ruling on the bond application on Thursday and the case will next be mentioned on October 15, 2026.

Meanwhile, the DCI has asked Kenyans who may have entered into similar transactions with Wambua or Gladdens Homes Agency to report to the DCI Starehe Sub-County offices.

“Members of the public who may have entered into similar transactions with the accused or Gladdens Homes Agency, and believe they may have been defrauded, are urged to report to the DCI Starehe Sub-County offices for assistance and guidance,” DCI added. 

This comes a day after DCI detectives arrested two suspects in connection with the theft of Ksh31.2 million belonging to a retail chain. 

The two suspects, who are directors of Flexitech Group Limited, were arrested in the Roysambu area. 

According to the DCI, the two suspects, who were acting as agents of the retailer, allegedly collected Ksh31,213,700.95 from customers who had purchased and collected goods from various branches of the retail chain.

The two suspects, allegedly acting jointly with other individuals, diverted the money for their own use.