A total of 39,000 Kenyans who were duped out of more than Sh8 billion by different pyramid Schemes 15 years ago have lost a bid for compensation from the state. They wanted the court to order the government to pay them the billions they lost for allowing the said pyramid scheme companies to operate in Kenya. They had sued the Attorney General, PS Ministry of Cooperatives Development and Marketing, the Governor Central Bank, PS Ministry of Finance and PS Ministry of Interior. The court ruled that the petition was filed in the wrong court as it should have been taken before the civil or commercial division not the constitutional court. He also dismissed the allegations by the petitioners that the state was liable for breach of contract between them and the pyramid schemes.

Source: The Star February 25, 2021 14:03 UTC