Dr. Bihira who served for different banks in Rwanda has been currently heading a microfiance known as African Agency for Development and Environmental Project (AFADE).
He was arrested on Wednesday 25th August 2021.
IGIHE has learnt that Dr. Bihira, 61, has been mobilizing people to buy shares in AFADE promising them quick profits.
It is said that the latter lured members of the public with promises to conduct feasibility study for their projects free of charge and provide loans through Kanani Project affiliated to AFADE.
“I am among people whom he fleeced money. I have evidences. We made contributions which he embezzled to solve his problems,” a witness has revealed.
It is said that unwitting members of the public contributed Rwf16, 000,000 at different times but never received anything despite claims for their money.
The Spokesperson of RIB, Dr. Thierry B. Murangira has confirmed that Dr. Bihira is held in custody over illegally obtaining another person’s property.
He also reminded the public that the institution won’t tolerate anyone involved in such fraudulent acts.
“RIB reminds all members of the public to be cautious in case they are promised quicker profits. They should be far-sighted and make thorough deductions to confirm if the promise can be fulfilled,” he noted.
The suspect, Dr. Bihira is detained at Kacyiru RIB Post as investigation is underway to file his case to the Prosecution.
Clause One of article 174 of the law determining offences and penalties in general in Rwanda, defines fraud as deception, obtaining another person’s property, whole or part of his/her finance by use of false names or qualifications, or offering positive promises or threats of future misfortunes.
Clause Two of the same article provides a term of imprisonment of between two and three years, and a fine of not less than Rwf3 million but not more than Rwf5 million, upon conviction.