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Kenya’s Asset Recovery Agency drops fraud charges against Kora

Charges have been dropped against Kora, the Nigerian payments company accused of money laundering and card fraud last July in Kenya.

In new court documents, Kenya’s Asset Recovery Agency filed a notice of withdrawal at the High Court of Kenya at Nairobi Anti-Corruption and Economic Crimes Division.

In the document drawn and filed on the 19th of October 2022, by state counsel Stephen Githinji on behalf of Kenya’s Asset Recovery Agency director, the agency said that it had withdrawn its suit in its entirety.

In a further document issued by the Kenyan Directorate of Criminal Investigation earlier this week, the agency clears Kora of any wrongdoing in the ARA application.

“Please note that investigations are now finalised. I would like to confirm that allegations of money laundering and card fraud against [Kora] were not established. Please treat this communication as final,” part of the statement from the DCI reads.

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