App developer and the fake AI investment fund that pulled in Sh34m

A Nairobi court has allowed the Directorate of Criminal Investigations to detain Dickson Ndege Nyakango, accused of defrauding investors through a fake online investment portal. Investigations revealed that Sh33.6 million had been deposited into a bank account linked to his scheme, which promised high returns through apps falsely claiming to be AI-powered. Financial authorities raised concerns about the legitimacy of these apps, which mimicked legitimate investment platforms.