NEW AUDIO

Ksh100 Million in a Student’s Account: Before Releasing Millions, the Government Imposes Conditions

Ksh100 Million in a Student's Account: Before Releasing Millions, the Government Imposes Conditions
Felista Nyamathira Njoroge and his Ksh 100 Million boyfriend Merc De Mesel. /FACEBOOK

The Asset Recovery Agency (ARA) has handed a 21-year-old university student an ultimatum after his bank account was suspended.

Felista Nyamathira Njoroge had Ksh102 million in her account when the Asset Recovery Agency (ARA) petitioned the court for an order freezing the account until the source of the money could be determined.

The State agency, however, has thrown a wrench in the works, stating that in order for the account to be unfrozen, Njoroge must show that she has experienced or would suffer hardship if the funds are not released.

ARA stated in an application that the hardship must balance the risk of disbursing the monies to her.

Part of the application stated, “The money in issue are considered to be proceeds of crime, and the applicant is not authorized to use them pending the filing and determination of the forfeiture application.”

Nyamathira had initially filed a petition with her lawyer, Thomas Maosa, to have the account unfrozen so she could access the money.

Felista Nyamathira Njoroge and his Ksh 100 Million boyfriend Merc De Mesel
Felista Nyamathira Njoroge and his Ksh 100 Million boyfriend Merc De Mesel. /FACEBOOK

Njoroge stated in her application that she had not engaged in any financial malfeasance and that she had the ability to operate in business.

She accused the agency of slandering her name and based their case on rumors that her large sums of money were tied to graft and money laundering.

“Since the agency acquired the sweeping orders freezing the account without asking me where the funds came from, I am lawfully entitled to my funds stored at my bank account.”

“I am a law-abiding citizen who earned the money legitimately via business and relationships,” Njoroge said.

The student’s boyfriend, Cryptocurrency investor Merc De Mesel, wired Ksh102,654,024 to Njoroge’s account on August 4, 2021, according to court documents. ARA expressed alarm about the monies, alleging that they were obtained unlawfully.

As a result, the High Court ordered the account to be frozen in order for the ARA to determine the source of the funds.

The Judge ruled, “An order is hereby made banning the respondent, her employees, agents, servants, or any other individuals acting on their behalf from transacting, withdrawing, transferring, or dealing in any manner in respect of any profits or benefits obtained or accrued from the monies.”