Rwanda’s prosecution has called for the extradition of a Kenyan-American businessman who owned the now defunct DN International, a real estate development company that defrauded Rwandan property buyers 10 years ago.
The man, Nathan Lloyd Ndung’u was this week arrested in Nairobi over the fraud case he faces in Rwanda.
Faustin Nkusi, spokesperson of the National Public Prosecution Authority (NPPA), on Thursday, February 3, told TNT that they are closely following the case and are in touch with their Kenyan counterparts.
“We have judicial cooperation with Kenya. Under the EAC Prosecutors’ Association, one of our common goals is jointly fighting crime, especially economic crimes, in the region and from this, we hope our request for his extradition will be implemented.”
Nkusi said Rwanda issued an international arrest warrant and extradition request in October 2018.
“We are happy he was arrested and we are therefore going to work with judicial authorities in Nairobi to ensure that our request for his extradition succeeds.”
In 2007, DN International acquired a loan of more than Rwf800 million from Fina Bank to develop 28 housing units, in Masaka Sector, Kigali.
In January 2010, DN International, embarked on a project to construct more than 50 residential housing units it was to complete by the end of that year.
A year later, Lloyd was arrested and detained at Remera Police station in Kigali before he fled the country that same year after an investigation was commissioned over fraud allegations.
By November 2011, it emerged that 19 people including top government officials had fallen victim to a scam after the homes they had bought were advertised for auction by Fina Bank, the financier of the project.
Apparently, on receiving money from homeowners, Lloyd did not deposit the money to the Bank, but instead diverted the money to other ventures.
