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Quickmart Breaks Silence on Losing Ksh94M to Wells Fargo Guards

Quickmart had initially declined to comment on the incident leaving room for speculations.

Ndungu ChiuribyNdungu Chiuri
November 8, 2023
Reading Time: 3 mins read
A Photo Collage Quickmart Supermarket Branch And A Photo Of Wells Fargo'S Fleet Of Vehicles.

A photo collage Quickmart Supermarket branch and a photo of Wells Fargo's fleet of vehicles.

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Quickmart Supermarket has allayed fears among stakeholders and members of the public regarding the Ksh94 million allegedly stolen by Wells Fargo staffers while in transit.

In a statement on Wednesday, November 8, Quickmart absolved itself from any blame about the loss noting that the said money was at the time in the custody of Wells Fargo. 

The supermarket chain further assured its stakeholders that it had insured its operations against such setbacks.

Also, the retailer assured all stakeholders and partners that the loss would not affect its operations in any way.

In addition, Quickmart noted that investigations into the occurrence were underway in a bid to shed more light into the saga. 

Quickmart Breaks Silence On Losing Ksh94 M To Wells Fargo Staffers
A photo of one of Quickmart Supermarket’s branch in Nairobi.

“Quickmart Supermarket, as a reputable homegrown company, insures its finances against such incidents,” the statement read in part.

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“We would like to ensure all our relevant relations that this occurrence will not disrupt our daily operations.”


Also Read: 2 Watchmen Disappear with Quickmart’s Ksh94.9M


The statement by Quickmart came amid a widespread discussion sparked by the news of two Wells Fargo employees who took off with the Ksh94 million.

How two officers on duty ditched police escort

According to a police report on Monday, November 6, two men working with the private security firm had been tasked to transfer the money from a vault in Nairobi to a bank in the CBD.

At the time, the duo reportedly left without the escort of Administration Police officers who are usually attached in the transit of money.

Upon realizing that the employees had left without their knowledge, two escort officers alerted the police who in turn launched investigations.

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Also Read: Truth Behind the Arrest of Wells Fargo Heist Suspect


The Isuzu truck they had used to ferry the money was later found in South C to confirm their worries. The whereabouts of the two suspects were yet to be disclosed by the time of this publication.

On Tuesday, however, the Directorate of Criminal Investigations (DCI) revealed the identity of the two suspects and assured that its detectives were working to trace them. 

According to the DCI statement, the suspects at around 6 am on Monday sneaked the truck from Wells Fargo’s Nairobi offices shortly after the money box was loaded, leaving behind the police escort car that was waiting to be flagged off.

Quickmart had initially declined to comment on the matter, leaving room for speculations amount members of the public.

Despite reports stating that one of the suspects had been nabbed, a spot check by The Kenya Times established that neither of the two men had been traced by the time of this publication.

Quickmart Breaks Silence On Losing Ksh94 M To Wells Fargo Staffers
A photo of DCI headquarters along Kiambu Road in Nairobi.
Tags: QuickmartWells Fargo
Ndungu Chiuri

Ndungu Chiuri

Robinson is a digital journalist for The Kenya Times, dedicated to informing the public and telling compelling stories that impact people's lives. I am passionate about politics, current affairs, and feel-good stories that cover the achievements of individuals in society. With a skill set of modern trends in journalism, I am committed to upholding accuracy, independence, and objectivity in my practice to fit in the dynamic media space. You can reach me at [email protected].

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