Devani faces 19 charges of fraud, with allegations that his firm Triton Petroleum disposed of 96,000 tonnes of fuel mortgaged to Emirates National Oil Corporation (Singapore) without its permission.
Devani, 55, was arrested by London’s Metropolitan Police in 2011 on suspicion of conspiracy to defraud.
Devani has been claiming that he won’t face a good trial in Kenya, following his previous experience where he said he was locked in filthy cells.
However, Lord Justice Underhill dismissed the claims, since the sole available evidence was a piece of writing published online.
“The evidence before the judge was an online news report. It is unverified and is no more than anecdotal evidence that Kenya had breached assurances in respect of another person,” he ruled.
The scandal led to the sacking of several Kenya company (KPC) who orchestrated the scandal.
Among the businesses that had financed the fuel and lost billions in the scandal include KCB and PTA banks, Fortis Bank of Netherlands, Glencore Energy UK Limited and Emirates National Oil Corporation (ENOC) of Singapore.
Mr Devani, once extradited,will be held at Kamiti Maximum Security Prison.