Adede was a former aspirant for Homa Bay Town MP in the 2017 election. He also aspired to be the Gor Mahia chairman at one point.
On Tuesday, Barclays bank head of corporate Affairs Anne Nderi said the bank did not know what customers keep in their personal safe boxes.
She told a press briefing that as much as banks did not know what their customers keep in their safe boxes, the fake cash contravened the bank’s regulations.
Flying Squad officers acting on intelligence reports trailed suspects since Monday evening. On Tuesday at noon, the detectives ambushed them soon after they alighted from their vehicles outside the bank.
Flying Squad chief Musa Yego who led the operation said they were in the process of counting the money by last evening but gave the estimate of Sh20 billion.
The arrest and recovery of the cash comes weeks after detectives found another ShSh32.6 billion fake currencies and 70kg fake gold in Ruiru on February 28.
Police officers raided a house in Kwihota area where they arrested two suspects.
Ruiru police boss James Ng’etich said the cash was stashed in iron boxes.
