Ekeza Sacco is once again in the spotlight as Interior CS Fred Matiang’i has directed that action be taken regarding the misappropriation of Ksh. 1.5billion.
Speaking during the Kenya Police Sacco annual delegates conference, Dr. Matiang’i said that the government will not stand by and watch as people steal from savings and credit companies.
This is as Ekeza Sacco hit the headlines after it emerged that televangelist “Dr” David Kariuki Ngare, alias Gakuyo, allegedly embezzled members’ funds.
“…rogue officials mismanaging funds in the co-operative movement will be prosecuted after the conclusion of investigations,” he said on Wednesday.
Last year, the Government revoked the Sacco’s license following complaints that Ekeza was sharing office space and bank accounts with Gakuyo Real Estate Company.
CS Matiang’i has directed Inspector General of Police Joseph Boinnet to take stern action against the Sacco.