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Crooked Peter Munyiri panics as co-thief Yagnesh Devani set to be extradited to Kenya

From right to left: Police officer, Peter Munyiri and others in court to answer to charges of money laundering

Fugitive billionaire Yagnesh Devani is set to be extradited to face charges in the Sh7.6 billion Triton Petroleum Scandal.

The United Kingdom (UK) approved his extradition last week and notified the Kenyan Government of readiness to facilitate the return of Mr Devani after what it said was a solution of a “legal matter” that prevented his deportation.

Sources close to aspiring Nyeri Gubernatorial candidate Peter Munyiri who was also involved in the Triton Scandal while at KCB Bank says he is in panic mode.

Peter Munyiri has started campaigns to join politics in 2022, so as to escape the Triton Scam, NYS Scandal and others; he is using the time-tested Kenyan shield from prosecution: politics.

Munyiri had aided the looting of taxpayers’ money by Yagnesh Devani and for his role, he was rewarded in cash and in kind. His family was flown to Dubai, in an all-expenses-paid trip using Triton dirty cash.


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As Yagnesh is about to be extradited to face charges in which he and a few other crooks created an artificial fuel shortage in 2009 by releasing fuel worth Sh7.6 billion to the market without authorisation and without informing financiers. The firm then collapsed immediately thereafter and Devani fled Kenya.

Julian Gibbs, the UK’s Head of Extradition said Kenya will now be free to follow through on the procedure and have their man face trial back in Nairobi.

“I would be very grateful if arrangements could be made as soon as possible to give effect to Mr Devani’s extradition,” Mr Gibbs wrote in a letter seen by Business Daily and addressed to the Kenyan Director of Public Prosecutions. The Business Daily could not get an immediate comment from the DDP Noordin Haji.

Under the UK Extradition Act, Kenya belongs to Category 2 countries. Once the Court cases for extradition have been heard, the UK Secretary of State often issues an extradition order. Usually, once such an order is issued, the person must be extradited within 28 days.

Yagnesh Devani. Mr Devani had registered his company, Triton Petroleum Ltd, in 2000 to cash in on the open tender system that had been introduced to help small indigenous oil companies to access fairly priced crude oil for processing at the refinery in Mombasa. He went on to create articifial oil shortage where he scammed taxpayers Sh7.6 billion

In 2011, Kenya filed an extradition request to have Mr Devani brought to Kenya to answer charges of defrauding the Kenya Commercial Bank, Emirates National Oil Corporation of Singapore.

In 2013, Kenya filed another extradition request alleging Mr Devani had also defrauded the global banking firm Fortis. Overall, he faces 19 counts of financial crimes.

Mr Devani challenged both requests, dragging the matter through UK courts.

In May last year, the Court of Appeal in the UK dismissed his application seeking asylum in the UK, effectively allowing his extradition to Kenya to face several charges of fraud.

The oil scam, often known as the Triton Scandal, was allegedly made through Mr Devani’s company, Triton Petroleum Ltd. The firm, in which Mr Devani was executive chairman, landed a lucrative tender to supply oil under a system introduced to help local oil firms.

This scandal coupled with the money laundering proceeds of crime from NYS scandal etc is enough to send Peter Munyiri the man who continues to dupe Kenyans though a financial outfit known as Citizen Microfinance, to prison where they belong.

How the new outfit, Citizen Microfinance, passed the regulator’s (Central Bank Of Kenya) check to get a license still baffles me.

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