This archive report was first published on 25 July 2021.
Former Imenti Central MP Gideon Mwiti passed away on [date] at the age of 57 due to complications from diabetes.
Published on July 25, 2021, at 1:30 PM.
Mwiti's financial firm, Kenya Akiba Micro Financing Ltd, faced bankruptcy proceedings in 2018 over a Sh6.1 million debt.
On January 29, 2004, Mwiti incorporated Kenya Akiba Micro Financing Ltd to lend out money to entrepreneurs.
The company opened offices in Nairobi, Kitengela, Ongata Rongai, and Voi and began issuing out loans.
However, the company faced a major setback in 2005 when police, officers of the Banking Fraud Investigation Unit (BFIU), and Central Bank of Kenya (CBK) officials raided all the offices of Akiba and carried away computers, customer files, title deeds, loan documents, 3,000 logbooks, banking records, receipt books, company seals, and rubber stamps.
After six years, on September 23, 2011, Mwiti and the group were acquitted, with the court holding that they did not break any law.
Mwiti also made headlines in February 2018, when he was charged afresh with rape after the charge sheet was amended to add more counts.
