Adede Man Behind Barclays ‘Fake’ Sh2 Billion Now Wants DCI To Produce It In Court, Claims It’s Genuine

eric adede, fake money
Eric Adede. / Courtesy

Eric Adede, the owner of the safe box with Sh2 billion currency busted at the Queens Way Barclays branch, now wants the court to compel the DCI to produce the money in court.

Adede, the main suspect in the fake currency saga, claims the alleged fake currency was genuine.

In an application filed in court, Adede wants the DCI to be ordered to produce the money in court within 24 hours of the hearing of the filed application.

“The applicant is apprehensive that the DCI might tamper with the aforesaid currency that does not form part of the criminal case thus depriving him of his money,” Adede said.

Through his lawyers, Adede argues that the DCI is illegally holding and has continued to withhold the said sums of money that do not form a part of the charges in the criminal case.

“It is just and equitable that the applicant be heard on a priority basis so that his grievances be remedied without delay,” said his lawyer Martin Oloo.

He further argues that the DCI’s move to continue holding the money was in bad faith and one that was aimed at embarrassing him.

Adede, a lawyer, acknowledged that he is the owner of the safe box  containing an estimated Sh2 billion among other items.

He was arrested on March 19, alongside traders Mohamed Ejaz alias Shah, Mary Wanjiru Mwangi alias Elizabeth Muthoni and Irene Wairimu Kimani.

They were charged with conspiracy to defraud and being in possession of papers intended to resemble and pass as currency notes, and being in possession of mineral.

Read:Suspects Behind Sh2 Billion Fake Currency Busted At Barclays Bank Freed On Bail

Adede faced an additional charge that “on March 19, 2019 in Nairobi County, without lawful authority or excuse knowingly had in his custody USD dollars 20,067,900 papers intended to resemble and pass as currency notes.”

They denied charges leveled against them and were released on bail.

Adede was released on a cash bail of Sh1 million while his co-accused were granted a cash bail of Sh300,000 each.

Email your news TIPS to or WhatsApp +254708677607. You can also find us on Telegram through

Written by Wycliffe Nyamasege


One Comment

Leave a Reply

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

End Of An Era As Sudan’s President Omar Al Bashir Steps Down

cristiano ronaldo

Ronaldo Extends Supremacy Over Messi In Champions League