Senate Summons SACCO Officials Months After Members Demanded Audit

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Senate Summons SACCO Officials Months After Members Demanded Audit

Police Sacco

Senators from the National Security, Defence, and Foreign Relations Committee have summoned officials of the Kenya Police SACCO over concerning reports about the institution’s management.

Speaking during their meeting on Tuesday, March 18, the Senators resolved that the SACCO officials must provide a detailed report on its management and operations.

Isiolo Senator Fatuma Dillo, who chairs the committee, noted that the matter warranted immediate scrutiny as it involved police officers’ contributions and welfare.

“This is on the welfare of police officers; it is a matter that we really need to know what is happening,” she stated.

Police Sacco

The CEO of the Kenya National Police DT Sacco, Solomon Angutsa addressing members at a past meeting.
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Police Sacco

“Police SACCO officials shall appear before our committee because we want them to highlight clearly what is happening in the institution.”

In the interim, the Senators will examine how the SACCO is managed and whether it adequately serves the interests of its members, the majority of whom are police officers.

The summon comes six months after the SACCO members demanded an audit over alleged mismanagement of funds.

In a petition to the Sacco Societies Regulatory Authority (SASRA) in September 2024, they alleged that the mismanagement of their savings had resulted in losses amounting to millions.

They also noted that they had lost faith in both the board of directors and the Chief Executive Officer (CE)), calling for their immediate resignation.

This summon comes just a month after the Directorate of Criminal Investigations (DCI) arrested four Kenya Union of Savings and Credit Co-operatives (KUSCCO) over a Ksh12 billion scandal that shortchanged several SACCOS in the country.

They are all facing charges of conspiracy to defraud, theft, and making false documents.

After the scandal was unearthed, Inspector General of Police Douglas Kanja stated that the National Police Service (NPS) was committed to uncovering the facts of the multi-billion shilling scandal.

“As investigations continue, NPS remains committed to ensuring a thorough and transparent investigation, uncovering the facts that will see all those involved are brought to book,” Kanja promised.

Kenya Union of Savings & Credit Cooperatives (KUSCCO) Offices located along Kilimanjaro Road, Upper Hill, Nairobi

Kenya Union of Savings & Credit Cooperatives (KUSCCO) Offices located along Kilimanjaro Road, Upper Hill, Nairobi
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Oakara Services
 

Source: kENYANS.CO.KE

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