November 27, 2022

Newsextra

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Nigerians behind N92bn global money laundering in Kenya

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On the afternoon of April 27, 2022, Multigate Limited, one of the firms linked to a suspected Sh25.6 billion (N92bn) money laundering scheme, wiped out biographies of directors and managers of its financial technology business.

Three of the firm’s directors – Olubunmi Akinyemiju, Olufemi Olukunmi Demuren and Eghosasere Nehikhare – have been named in investigations by Kenya’s Assets Recovery Agency (ARA) and reports by European agencies that are monitoring the money trail.

Two days after dailies owned by the Nation Media Group published stories about the Nigerian firm with tentacles in Kenya and Dubai, the biographies had been pulled down, an indication that Multigate’s owners may be limiting information about themselves in the wake of global investigations.

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