Home News Stealing from the dead? Absa Bank fingered after late Dr. Dave Oludhe’s account is emptied, family left destitute

Stealing from the dead? Absa Bank fingered after late Dr. Dave Oludhe’s account is emptied, family left destitute

Absa Bank Kenya faces serious allegations of financial misconduct as fraud and deception are uncovered in a shocking case where millions vanished from a deceased man’s account without his family's knowledge.

by David N. John
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When David Otieno Oloo, fondly known as Dr. Oludhe, passed away on August 4, 2023, his family was left to deal with their grief.

According to a post by Captainx Lennox Omondi on Facebook, But what they did not expect was the nightmare that followed a shocking financial fraud facilitated by ABSA Bank Kenya that left them not only mourning a loved one but also fighting for justice.

Dr. Oludhe had saved diligently, ensuring his family would be financially secure even in his absence.

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His ABSA Bank Kisumu dollar account held over Ksh 23 million, an amount legally safeguarded by a court-placed caveat to prevent unauthorized access.

Yet, in a move that raises serious questions about ABSA Bank’s integrity, the money vanished under highly suspicious circumstances.

His widow, Donna, who had been legally appointed as the temporary estate administrator, only discovered the theft a year later when she visited the bank to withdraw money for their children’s school fees.

The court had authorized the withdrawal, but the bank’s response was both shocking and cold there were no funds left.

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The money had been withdrawn, just like that. No warning, no notification, no accountability.

The manner in which this fraud was carried out is both audacious and disturbing. A claim was filed in Nyamira by Simon Peter Wainana Njoroge, trading as Miradi Consultancy, stating that David allegedly owed him Ksh 21 million.

What followed was a legal charade so brazen it could only have succeeded with inside help.

The case was not filed in Kisumu, where the bank and family were based, but in Nyamira, a completely unrelated jurisdiction.

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Even more bizarrely, an order to release the funds was issued not from a civil court, but from the Environment and Lands Court, which has absolutely no authority over succession matters.

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And ABSA Bank complied. No due diligence, no verification, no attempt to notify the legal estate administrators.

The money was released, and to make matters worse, it was withdrawn in Nyamira instead of Kisumu, further fueling suspicions of a well-planned scheme.

Shortly after the funds were cleared, the bank manager responsible for handling the case conveniently transferred to another financial institution.

This case exposes a glaring loophole in Kenya’s financial and judicial systems. How does money disappear from a deceased person’s account despite legal protections?

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How does a court with no jurisdiction override a valid succession order?

And how can a reputable bank facilitate such a transaction without questioning its legitimacy?

For David’s family, this is not just about money—it is about trust, justice, and the right to inherit what was legally and rightfully theirs. ABSA Bank, the courts, and all those involved must be held accountable.

The public needs answers. If this case is ignored, then it is not just David’s family that suffers—it is every Kenyan who believes their hard-earned savings are safe in the hands of banks.

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