EACC goes after sacco managers and officials

We are coming for you

New Ethics and Anti-Corruption Commission (EACC) Chief Executive Officer Twalib Mbarak

The Ethics and Anti-Corruption Commission announced that it would subject Sacco officials and managers to a lifestyle audit.

The decision by the anti-corruption body was as a result of an agreement signed between them and the State Department for Cooperatives.

EACC CEO Twalib Mbarak explained that the move will help in the tracing and recovery of stolen assets.

“We will give you the tips on how to conduct basic lifestyle audit. We will tell you what you need to monitor about the top management so that you can raise the red flag at an early stage.

“And suppose a top leadership of a sacco has been caught in misappropriation of funds or unexplained wealth we will help you do asset tracing and recovery,” remarked Mbarak.

EACC Chairperson Eliud Wabukala who was present during the signing, noted that a lot of evidence had revealed a lot of graft and unethical issues within the savings and cooperatives that had resulted into loss of finances worth millions for members of the saccos.

DCI probes Ekeza Sacco scandal

As part of the war on corruption in saccos, the DCI had last Monday requested Kenyans who had been defrauded by Ekeza Sacco to report to their offices.

The police had stated that the matter was under investigation after numerous complaints had been lodged by the public over the scandal surrounding the Gakuyo-managed firm.

Only residents of Kiambu and Nairobi counties had been asked to make their way to the offices along Kiambu road with documents involved in the dealing.

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