A senior manager with NIC Bank has been charged in a Nairobi court with stealing  KSh14 million from his employer.

Richard Moses Wambugu who appeared before Milimani principal magistrate Kennedy Cheruiyot denied the charge.

A second suspect is on the run, police say.

He was granted a bond of KSh1 million or cash bail of KSh200,000 pending the hearing of the case on November 2. The accused was granted bond after Prosecutor Evelyne Maika informed the court that she has no instruction to oppose bail.

The court heard that on September 23,2017 at NIC Bank, Buru Buru branch in Nairobi county, the accused being a servant to the bank as manager, jointly with others not before court stole KSh 14,999,850 the property of the bank which came into his possession by virtue of his employment.

The prosecution has lined up seven witnesses expected to testify in the case during the hearing.

Stand-in for him

According to police , on Friday the fateful day the suspect requested for permission to be off duty the following day of Saturday  September 23 2017 and the bank made arrangement for one, Stephen Otieno Njiri,  at Sameer Branch to stand-in for him during the absence to purportedly attend to some personal issues.

However, the suspect is said to have briefly reported to the branch on the said Saturday and opened the vault for the day’s operations in company of his co-custodian Paul Githinji after which he left without handing over his office to the reliever.

Combination access key

It is also reported later that day , Paul Githinji who is co-custodian who normally keeps the key to the safe safe and holds the combination vault also left the bank without proper handing over of the said keys or solid cash in the vault to any other bank’s official.

Mr Wambugu reported back to his office from off-duty on 25 and reported that his co-custodian phone was off had not reported on duty and further that Kes,16,964,710,20 was missing from the vault.

Investigation were commenced and it was discovered that the accused person had not dismantled the combination rock in his absence, therefore making it accessible for his co-custodian or any other person who had access to the vault’s key. He was arrested and charged.