Neno Evangelism Centre founder Pastor James Ng’ang’a on Thursday spent the night at Central Police Station.
Reports indicate that the clergyman was arrested for allegedly defrauding a businessman of Sh3.6 million.
He was freed on Friday morning and is set to appear in court later in the day.
In recent weeks, Ng'ang'a has been hitting headlines for the wrong reasons and had been charged with threatening to kill Citizen TV journalist Linus Kaikai.
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The latter had suggested that only preachers with a Degree in Theology should be allowed to spread God’s word.
In a video that went viral on social media, Ng’ang’a asked Kaikai to steer clear of church matters and focus on journalism.
The visibly angry 66-year-old apostle admitted that he is not schooled but will not go back to school because it is too late.
He further warned the journalist that he would face the consequences if he continued ‘fighting’ the church.