Gladdens Homes director arraigned in Sh28 million housing fraud scheme
A director with Gladdens Homes Limited, was arraigned before the Makadara Law Courts where he was formally charged with multiple counts of obtaining money by false pretences contrary to Section 313 of the Penal Code and money laundering. This followed investigations by detectives based in Starehe Sub-County. Bildad Nzuki Wambua is alleged to have fraudulently [...] The post Gladdens Homes…
Bildad Nzuki Wambua, the director of Gladdens Homes Limited, appeared before the Makadara Law Courts and was formally charged with multiple counts of obtaining money by false pretences and money laundering. According to prosecutors, Wambua allegedly defrauded 22 victims of a total of Sh28 million. The alleged scheme was conducted between 2024 and 2026, where Wambua represented to unsuspecting individuals that they would purchase houses with varying designs and sizes under the Urban Housing Renewable Development LPP project.
The victims reportedly paid through Gladdens Homes Agency, a privately registered entity linked to the accused. The prosecution sought to keep Wambua detained on bond, and the matter is scheduled for a bond ruling on September 3, 2026, with a mention set for October 15, 2026. Those who may have fallen victim to the scheme are encouraged to report to the DCI Starehe Sub-County offices for assistance.
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