The Court has sentenced businessman Mukuria Ngamau to 27 years in jail or pay a fine of Ksh720.8 million.
The businessman was found guilty of defrauding the state agency of Kh180 million.
Milimani Chief Magistrate Douglas Ogoti found Ngamau guilty of conspiracy to commit an economic crime, unlawful acquisition of public property, and falsifying documents.
From left: Mukuria Ngamau, Doreen Waithera, former Youth Enterprise Development Fund Chairman Bruce Odhiambo and late former CEO Catherine Namuye at Milimani law courts, August 26, 2016. |Photo| Courtesy|
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Quorandum Ltd, a company owned by the businessman, was ordered to compensate the Youth Fund Enterprises Ksh180,364,789 being the amount that was lost.
Justice Ogoti determined that the former Youth Fund boss between November 17, 2014, and May 4, 2015, conspired to transfer the funds from the agency to his company.
The businessman sought a lenient sentencing, telling the court that he had tested positive for Covid-19, and is the breadwinner of his family.
Justice Ogoti dismissed his appeal, ruling that the sentence was dictated by Anti-Corruption and Economic Crimes.
Prosecutor Eva Kanyuira told the court that Ngamau did not deserve a non-custodial sentence, arguing that his crime was serious, judging by the amount looted.
Today's sentencing draws the curtains on the case that has been in court for more than three years, and in the course of that period, Ngamau had a number of his assets seized by the state.
In 2018, the Asset Recovery Agency seized a Ksh48.5 million apartment in Lavington, Nairobi associated with the businessman.
The National Assembly's Public Investments Committee (PIC) had recommended prosecution of the businessman after they accused him of using his company Quorandum Limited to receive money from the Youth Fund.
