NAIROBI, Kenya- The Director of Public Prosecutions has charged two more suspects in connection with the alleged loss of Sh1.5 billion under the Programme for Rural Outreach of Financial Innovations and Technologies.
Paul Mukasiali Shilaho, the sole proprietor of Shilal Supplies and Kemula Agencies, and PROFIT Project Accountant Billy Otieno Obango appeared before the Anti-Corruption Court in Nairobi on Tuesday.
Shilaho was charged with six fraud-related counts, while Obango faced 45 counts arising from the disputed transactions under the programme.
Both suspects denied all the charges before Principal Magistrate Rose Ndombi.
The prosecution team, led by Assistant Director of Public Prosecutions Susan Keli, Principal Prosecution Counsel Jeremiah Walusala and Prosecution Counsel Brian Mulisa, did not oppose the suspects’ release on bail or bond.
Prosecutors, however, asked the court to consider the nature and seriousness of the alleged offences when determining the bail terms.
The court released Shilaho on a Sh5 million bond with a surety of the same amount or an alternative cash bail of Sh1.5 million.
Obango was granted a Sh15 million bond with a surety of a similar amount or an alternative cash bail of Sh4 million.
The case will be mentioned on November 3, 2026, for pre-trial directions.
According to the DPP, the latest arraignment brings to 15 the number of suspects charged over the alleged Sh1.5 billion loss linked to the PROFIT programme.
The programme was established to increase access to financial services among low-income rural households and smallholder farmers through financial innovations and technologies.
The charges against Shilaho and Obango remain allegations, and the two are presumed innocent unless proved guilty before a court of law.
