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August 10, 2026 7:48 pm
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Simple Homes was listed by Bana among companies it described as being associated with pyramid schemes and alleged money-laundering scams that affected Kenyans. The report grouped the company with several other entities accused of attracting members through questionable investment or money-making arrangements.
According to Bana, the schemes identified in its report collectively caused Kenyans to lose more than KSh 10 billion over a period of about ten years. Simple Homes was presented as one of the companies linked to this wider pattern of alleged financial losses suffered by members of the public.
The claims against Simple Homes are based on Bana’s reporting and should not be treated as a final legal finding unless established by a court or relevant regulatory authority. Members of the public are advised to verify investment opportunities carefully and exercise caution before committing money to schemes that promise unusually high or easy returns.
No financial loss
Reported 8 May 2026
