• Home
  • News
  • Business
  • Entertainment
  • Lifestyle
  • Politics
  • Sports
  • Tech
  • World
Tuesday, May 17, 2022
Kenyan Bulletin
No Result
View All Result
  • Home
  • News

    Gachagua named Deputy President

    Azimio manager nursing injuries in fight over a bootylicious attendant 

    Kibunja takes over as DCI director personnel

    Fight over 2GB memory card leads to death of a minor

    How Ruto plans to transform Agriculture when he takes over presidency

    Mask selling syndicate unearthed at SGR Nairobi Terminus

    2 Police officers facing robbery with violence charges

    Bishop Gakuyo fingered for interfering with Jubilee Party nominations in Thika

    Man on the run after attempted murder

  • Business
    KenGen adds 400 megawatts geothermal power

    KenGen adds 400 megawatts geothermal power

    Why DP Ruto’s bottom up economic model will fix Uhuru’s mess

    Why DP Ruto’s bottom up economic model will fix Uhuru’s mess

    Kenyan based jobtech Ajiry gets a continental shortlisting

    Kenyan based jobtech Ajiry gets a continental shortlisting

    KenGen drills the 7th Well in Ethiopia

    KenGen drills the 7th Well in Ethiopia

    Here’s how Metropolitan National Sacco makes it easy for you to save; get a loan

    Racist Chandarana Store on the spot again

    Racist Chandarana Store on the spot again

    Centum Real Estate says Mzizi Project Over Booked

    Centum Real Estate says Mzizi Project Over Booked

    KenGen completes repairs at Olkaria II Geothermal Plant

    KenGen completes repairs at Olkaria II Geothermal Plant

    Opinion: My Journey with Centum Investments CEO Dr. James Mworia

    Opinion: My Journey with Centum Investments CEO Dr. James Mworia

  • Entertainment

    DCI having a great moment at Bishop Luigi Locati children’s home

    Tragic Road Accident Claims Lives of Two Upcoming Instagram Influencers

    Professor Jay’s health continues to deteriorate: This is how he landed in ICU

    VIDEO: David Murathe’s son takes over Eric Omondi’s ex-girlfirend Chantal Grazioli

    Raunchy socialite seeking endorsement by ODM for Nairobi Women Rep seat 

    KoT exposes Rose Muhando’s Sexcape in Kenya

    KoT exposes Rose Muhando’s Sexcape in Kenya

    Miracle Baby: Mwalimu Rachel took everything from Sailors

    Viral Video of a couple having a quickie on the Roadside

    Viral Video of a couple having a quickie on the Roadside

    KOT reacts after a man’s dead Uncle started weeping

    KOT reacts after a man’s dead Uncle started weeping

  • Lifestyle
    Zainab: My horrible experience in Zanzibar as a young solo female traveler

    Zainab: My horrible experience in Zanzibar as a young solo female traveler

    DCI having a great moment at Bishop Luigi Locati children’s home

    Foreigner caught sodomizing an iPad thief

    Foreigner caught sodomizing an iPad thief

    Why saving money for children early is important

    Energy Champion KenGen plants 7000 indigenous trees

    Energy Champion KenGen plants 7000 indigenous trees

    KoT exposes Rose Muhando’s Sexcape in Kenya

    KoT exposes Rose Muhando’s Sexcape in Kenya

    3 most evil Kenyan women leading corporates

    3 most evil Kenyan women leading corporates

    Video: How bouncers undressed a man over 55K bill

    Video: How bouncers undressed a man over 55K bill

    Photos: Burglars raid Muthaiga Homes

    Photos: Burglars raid Muthaiga Homes

  • Politics

    Why DP Ruto’s youth centric economy is selling

    How Ruto plans to transform Agriculture when he takes over presidency

    Raila is too old and idealess to be president

    Raila is too old and idealess to be president

    Bishop Gakuyo fingered for interfering with Jubilee Party nominations in Thika

    Uproar In Wa Iria’s Usawa Party Over Irregular Ticket Issuance

    Voters petition ODM to nullify all certificates awarded to Alego Usonga MCA nominations winners

    Why DP Ruto’s bottom up economic model will fix Uhuru’s mess

    Why DP Ruto’s bottom up economic model will fix Uhuru’s mess

    The flashy swankpot  old man supporting Raila to safeguard questionable Wealth

    The flashy swankpot old man supporting Raila to safeguard questionable Wealth

    Why Ruto lashed at government’s artificial fuel crisis

    Why Ruto lashed at government’s artificial fuel crisis

  • Sports

    Sponsors forces a Russian billionaire to sell his EPL club

    Titus Maero: Depressed NMG journalist commits suicide  

    Manchester United youngster Mason Greenwood arrested over rape and assault allegations

    Video: Musalia Mudavadi mourns

    Video: Musalia Mudavadi mourns

    Harambee Stars no. 1 fan hacked to Death

    Harambee Stars no. 1 fan hacked to Death

    Kimanzi exits cash-strapped Wazito

    Formula 1 maestro Lewis Hamilton receives knighthood

    Formula 1 maestro Lewis Hamilton receives knighthood

    WATCH: Harambee Stars goalkeeper Brian Bwire accused of match-fixing Uganda game

    WATCH: Harambee Stars goalkeeper Brian Bwire accused of match-fixing Uganda game

    Heavy contingent of policemen arrives at FKF’s Kandanda House

    Heavy contingent of policemen arrives at FKF’s Kandanda House

  • Tech
    How Centum Has Helped Bridge The Youth Unemployment Gap

    How Centum Has Helped Bridge The Youth Unemployment Gap

    BlackBerry to terminate service on old devices at midnight

    BlackBerry to terminate service on old devices at midnight

    KenGen to inject more Megawatts into National Grid

    Metaverse will revolutionize your ability to be a jerk

    Metaverse will revolutionize your ability to be a jerk

    Facebook’s App name will not be Changed

    Facebook’s App name will not be Changed

    Top Euro2020 bonuses for Bangbet punters as Kariakor driver wins Sh100k

    Kenyan Social Media giant Gscroll hits a Milestone

    Kenyan Social Media giant Gscroll hits a Milestone

    How to setup Rafiki by Securex Home Security System

    How to setup Rafiki by Securex Home Security System

    New Cybersecurity Attacks Target Africa and Middle East Diplomatic Missions

    New Cybersecurity Attacks Target Africa and Middle East Diplomatic Missions

  • World

    Fact Check: Truth about China’s “artificial sun”

    Former Silicon Valley Star Elizabeth Holmes Found Guilty In Theranos Fraud Trial

    Former Silicon Valley Star Elizabeth Holmes Found Guilty In Theranos Fraud Trial

    Prime Minister Hamdok resigns

    Prime Minister Hamdok resigns

    Reactions as Archbishop Desmond Tutu bows

    Reactions as Archbishop Desmond Tutu bows

    Heart breaking Photos as Rai Kills 208 People

    Heart breaking Photos as Rai Kills 208 People

    4 Lecturers in trouble after a leaked Sextape

    4 Lecturers in trouble after a leaked Sextape

    Bomb kills a Pregnant Journalist in the Coast

    Bomb kills a Pregnant Journalist in the Coast

    Malala marries the Nobel Price Winner

    Malala marries the Nobel Price Winner

    8 Prophets drown to death during Baptism

    8 Prophets drown to death during Baptism

  • Home
  • News

    Gachagua named Deputy President

    Azimio manager nursing injuries in fight over a bootylicious attendant 

    Kibunja takes over as DCI director personnel

    Fight over 2GB memory card leads to death of a minor

    How Ruto plans to transform Agriculture when he takes over presidency

    Mask selling syndicate unearthed at SGR Nairobi Terminus

    2 Police officers facing robbery with violence charges

    Bishop Gakuyo fingered for interfering with Jubilee Party nominations in Thika

    Man on the run after attempted murder

  • Business
    KenGen adds 400 megawatts geothermal power

    KenGen adds 400 megawatts geothermal power

    Why DP Ruto’s bottom up economic model will fix Uhuru’s mess

    Why DP Ruto’s bottom up economic model will fix Uhuru’s mess

    Kenyan based jobtech Ajiry gets a continental shortlisting

    Kenyan based jobtech Ajiry gets a continental shortlisting

    KenGen drills the 7th Well in Ethiopia

    KenGen drills the 7th Well in Ethiopia

    Here’s how Metropolitan National Sacco makes it easy for you to save; get a loan

    Racist Chandarana Store on the spot again

    Racist Chandarana Store on the spot again

    Centum Real Estate says Mzizi Project Over Booked

    Centum Real Estate says Mzizi Project Over Booked

    KenGen completes repairs at Olkaria II Geothermal Plant

    KenGen completes repairs at Olkaria II Geothermal Plant

    Opinion: My Journey with Centum Investments CEO Dr. James Mworia

    Opinion: My Journey with Centum Investments CEO Dr. James Mworia

  • Entertainment

    DCI having a great moment at Bishop Luigi Locati children’s home

    Tragic Road Accident Claims Lives of Two Upcoming Instagram Influencers

    Professor Jay’s health continues to deteriorate: This is how he landed in ICU

    VIDEO: David Murathe’s son takes over Eric Omondi’s ex-girlfirend Chantal Grazioli

    Raunchy socialite seeking endorsement by ODM for Nairobi Women Rep seat 

    KoT exposes Rose Muhando’s Sexcape in Kenya

    KoT exposes Rose Muhando’s Sexcape in Kenya

    Miracle Baby: Mwalimu Rachel took everything from Sailors

    Viral Video of a couple having a quickie on the Roadside

    Viral Video of a couple having a quickie on the Roadside

    KOT reacts after a man’s dead Uncle started weeping

    KOT reacts after a man’s dead Uncle started weeping

  • Lifestyle
    Zainab: My horrible experience in Zanzibar as a young solo female traveler

    Zainab: My horrible experience in Zanzibar as a young solo female traveler

    DCI having a great moment at Bishop Luigi Locati children’s home

    Foreigner caught sodomizing an iPad thief

    Foreigner caught sodomizing an iPad thief

    Why saving money for children early is important

    Energy Champion KenGen plants 7000 indigenous trees

    Energy Champion KenGen plants 7000 indigenous trees

    KoT exposes Rose Muhando’s Sexcape in Kenya

    KoT exposes Rose Muhando’s Sexcape in Kenya

    3 most evil Kenyan women leading corporates

    3 most evil Kenyan women leading corporates

    Video: How bouncers undressed a man over 55K bill

    Video: How bouncers undressed a man over 55K bill

    Photos: Burglars raid Muthaiga Homes

    Photos: Burglars raid Muthaiga Homes

  • Politics

    Why DP Ruto’s youth centric economy is selling

    How Ruto plans to transform Agriculture when he takes over presidency

    Raila is too old and idealess to be president

    Raila is too old and idealess to be president

    Bishop Gakuyo fingered for interfering with Jubilee Party nominations in Thika

    Uproar In Wa Iria’s Usawa Party Over Irregular Ticket Issuance

    Voters petition ODM to nullify all certificates awarded to Alego Usonga MCA nominations winners

    Why DP Ruto’s bottom up economic model will fix Uhuru’s mess

    Why DP Ruto’s bottom up economic model will fix Uhuru’s mess

    The flashy swankpot  old man supporting Raila to safeguard questionable Wealth

    The flashy swankpot old man supporting Raila to safeguard questionable Wealth

    Why Ruto lashed at government’s artificial fuel crisis

    Why Ruto lashed at government’s artificial fuel crisis

  • Sports

    Sponsors forces a Russian billionaire to sell his EPL club

    Titus Maero: Depressed NMG journalist commits suicide  

    Manchester United youngster Mason Greenwood arrested over rape and assault allegations

    Video: Musalia Mudavadi mourns

    Video: Musalia Mudavadi mourns

    Harambee Stars no. 1 fan hacked to Death

    Harambee Stars no. 1 fan hacked to Death

    Kimanzi exits cash-strapped Wazito

    Formula 1 maestro Lewis Hamilton receives knighthood

    Formula 1 maestro Lewis Hamilton receives knighthood

    WATCH: Harambee Stars goalkeeper Brian Bwire accused of match-fixing Uganda game

    WATCH: Harambee Stars goalkeeper Brian Bwire accused of match-fixing Uganda game

    Heavy contingent of policemen arrives at FKF’s Kandanda House

    Heavy contingent of policemen arrives at FKF’s Kandanda House

  • Tech
    How Centum Has Helped Bridge The Youth Unemployment Gap

    How Centum Has Helped Bridge The Youth Unemployment Gap

    BlackBerry to terminate service on old devices at midnight

    BlackBerry to terminate service on old devices at midnight

    KenGen to inject more Megawatts into National Grid

    Metaverse will revolutionize your ability to be a jerk

    Metaverse will revolutionize your ability to be a jerk

    Facebook’s App name will not be Changed

    Facebook’s App name will not be Changed

    Top Euro2020 bonuses for Bangbet punters as Kariakor driver wins Sh100k

    Kenyan Social Media giant Gscroll hits a Milestone

    Kenyan Social Media giant Gscroll hits a Milestone

    How to setup Rafiki by Securex Home Security System

    How to setup Rafiki by Securex Home Security System

    New Cybersecurity Attacks Target Africa and Middle East Diplomatic Missions

    New Cybersecurity Attacks Target Africa and Middle East Diplomatic Missions

  • World

    Fact Check: Truth about China’s “artificial sun”

    Former Silicon Valley Star Elizabeth Holmes Found Guilty In Theranos Fraud Trial

    Former Silicon Valley Star Elizabeth Holmes Found Guilty In Theranos Fraud Trial

    Prime Minister Hamdok resigns

    Prime Minister Hamdok resigns

    Reactions as Archbishop Desmond Tutu bows

    Reactions as Archbishop Desmond Tutu bows

    Heart breaking Photos as Rai Kills 208 People

    Heart breaking Photos as Rai Kills 208 People

    4 Lecturers in trouble after a leaked Sextape

    4 Lecturers in trouble after a leaked Sextape

    Bomb kills a Pregnant Journalist in the Coast

    Bomb kills a Pregnant Journalist in the Coast

    Malala marries the Nobel Price Winner

    Malala marries the Nobel Price Winner

    8 Prophets drown to death during Baptism

    8 Prophets drown to death during Baptism

No Result
View All Result
Kenyan Bulletin
No Result
View All Result
Home featured

EXPOSED: The corruption inside IG (Invest and Grow) Sacco

The Sparrow by The Sparrow
August 2, 2021
in featured, Exposé
Reading Time: 9 mins read
0
Share on FacebookShare on TwitterWhatsapp
EXPOSED: The corruption inside IG (Invest and Grow) Sacco
Mr. David Moiya, Treasurer, IG (Invest and Grow) Sacco

The Initial Noble Intention:

IG (Invest and Grow) Sacco is a licensed deposit-taking Sacco by SASRA under the Sacco Societies Act, 2012. The Sacco was formed in 1977 and registered as a Co-operative society, with a total membership of 115. Through the onset visionary leadership, committed members and staff, the Sacco has undergone tremendous transformation and developed its rich history over the years.

READ ALSO

Martha Karua pocketed BAT’s £50,000 bribe to promote cigarette smuggling

Expose: Martha Karua Pocketed BAT’s £50,000 Bribe To Promote Cigarette Smuggling

Kakamega Teachers Sacco Ltd, KATECO was founded with strong, bold, stable and superior goals that targeted holistic empowerment of teachers within its catchments. The SACCO rebranded to become the now IG  (Invest And Grow) Sacco Ltd in 2015. KATECO was founded to propel a re-energized spirit of diligent service with a special touch to her members with a cognitive social corporate responsibility. The Sacco was an initiative of few mindful leaders from the teaching fraternity who chose to cultivate a stable culture of investing among its members as a way of prompting individual and collective economical growth. IG SACCO has 7 branches namely: Malava, Mbale, Butere, Lumakanda, Serem and Luanda.

IG SACCO Vision

To be the leading SACCO and financial services provider in Africa and beyond.

IG SACCO Mission

To empower customers through provision of quality products and services for self-sustainability and socio-economic development.

IG SACCO PRODUCTS

The SACCO has various products thus; Loan Products, Advance Products and Savings Products.

Loan Products encapsulate; FOSA Loan that attracts a maximum repayment period of 24 months.  4 The Loan has a 4 Hour Processing Period. The core qualifications to access the Loan entail; Ability to Repay Subject to 30% of net monthly salary from employer. The key requirements are; The Latest Payslip, a duly filled and signed Loan application Form and a 3 consecutive months salary payment through FOSA. The FOSA Plus Loan has a repayment period of 12 months from the date of access. It is processed within 4 Hours while the Progressive Loan  has a 48 Months Repayment Period processed within 1 Month with similar qualifications, requirements and collateral like the former. Akiba  Loan has a 24 Months Repayment Period processed within 4 Hours with Non-withdrawable Deposits, Salary, Savings, Akiba Savings, Guarantors and Sacco acceptable tangible securities as security. Empowerment Loan has a 72 Months Repayment Period. It is processed within 1 Month. Qualifications and security are similar to those of the FOSA Loan.

Advance Products entail; Salary Advance that attracts a maximum Repayment Period of 1 Month. One qualifies for this advance if his or her salary is channeled through the FOSA. The latest Payslip, Duly filled and signed Salary Advance Application Form are required with Non-withdrawable Deposits, Salary, Savings and Guarantors as security It is processed within 4 hours. The Pension Advance demands that the beneficiary’s pension must be flowing through FOSA. It has a maximum Repayment Period of 1 Month.  Latest Payslip Duly filled and signed Salary Advance Application Form are required. The security entails; Non-withdrawable Deposits, Pension, Savings and Guarantors. It is processed within 4 hours. Fixed Deposit Advance is available in FOSA and is processed within 4 Hours. Fixing Deposits qualifies one for access. It is recovered upon maturity of FDR. Duly filled and signed FDR Advance Application Form are pre-requisites. Non-withdrawable Deposits, Salary, Savings, FDR Savings and Guarantors are the security.

IG Sacco Delegates meeting 2019

Loan Advance is awarded subject to approval of the loan applied for. The same is processed within 4 Hours and recovered upon disbursement of the loan applied. Requirements and security are similar to the former advance scheme.

The IG SACCO Savings Products are; Nyota Ndogo Account. Nyota Ndogo is a savings account for parents to save for their children to encourage a saving culture in them. A minimum Monthly Saving of Kshs. 300.00 is mandatory.  The Product attracts competitive Interest rates on a minimum savings of Kes.5000 paid annually. Children under 18 years, certified copy of Birth certificates and colored passport size photo of the child and parent are required. Withdrawals can be done provided a 14 Day Notice is officially given. Holiday Savers Account is available to customers who wish to develop a savings culture and wish to go for holiday or to plan for future events. A minimum of Kshs. 1000.00 is required. It has a competitive Interest rate on a minimum savings of Kshs. 20, 000.00 payable annually. A beneficiary of the same must however be a member of IG SACCO.

Akiba Savings is a savings account for members who wish to save for retirement or other projects. The scheme requires a minimum monthly savings of Kshs. 100.00 with payment effected through standing order or cash. The Account matures on retirement / termination / resignation / death. The savings earn an attractive interest rate. The amount saved can be used as security to get an Akiba loan.

 The U-Turn of the Noble Economic Recourse

The teaching fraternity of Western Kenya and notably Kakamega Region had seen hope at the inception of KATECO in 1977 when the outfit was registered to become a Cooperative Society. The Cooperative had 115 Members at the onset. The Cooperative licensed by SASRA under the SACCOs Act in 2012 transformed to become INVEST TO GROW SACCO LIMITED in the year 2015. The SACCO currently commands a membership of 35,000 investors whose hope is to enhance their livelihoods through the designated products.

It is sad to note that a clique of persons donned managers and administrators of the SACCO have stood out with their bare knuckles to cripple the IG SACCO. The Chairperson Mr. Kennedy Keya together with his mandarins; Mr. David Okwemba the Hon. Secretary, Mr. Peter Vuhya the Chief Executive Officer, Mr. David Moiya the Treasurer, Mrs. Mary Awino the Finance Manager together with Mr. Bosco Munzatsi the ICT Manager and accomplices; Mr. Sammy Chahayo, Pius Mola and James Atemba have pushed their long hands into the now ailing INVEST TO GROW SACCO. The claim is manifest in the massive wealth acquired by each.

IG Sacco meeting

The Chairperson Mr. Kennedy Keya commands remarkable affluence. He is the owner of; Hospital View Estate in Kakamega Town, Various Rental Buildings in Vihiga and Kisumu City with 4 magnificent storey buildings in Kakamega Town. He bought 100 Acre-piece of land in Turbo area- Lugari at once.

The Chief Executive Officer Mr. Peter Vuhya owns vast but valuable estates in Eldoret Town, a storey building in the heart of Bungoma County and expansive land in the same county with an expensive rental houses in Busia and Kakamega Towns respectively. He has a 5 Acre land with trees growing on it. Mr. Vuhya has amassed enough fiscal capacity from the SACCO that is now enticing him to salivate for an elective position of Member of National Assembly- Hamisi Constituency currently under Hon. Gimosi. He is now on demand in places of worship, institutions and community groups as he plashes a minimum of Kshs. 30,000.00 in a single event.

The Treasurer- Mr. David Moyia has 12 tractors with the state of the art personal cars and Public Service Vehicles that ply the Western Kenya Roads and beyond. One of his private residences is decorated with a value-worth storey building with unique furnishes. He has constructed palatial Rental Buildings in Webuye, Kakamega, Bungoma and Busia Towns with 150 Acres of land in the expensive Kitale Settlement Scheme in Trans-Nzoia County and 100 Acres in the rural Lurambi Area in Kakamega County.

Mrs. Mary Awino- the SACCO Finance Manager is endowed with wealth beyond her employment class. The Finance Manger controls various investments. She has 2 Storey Buildings in Kakamega Town along the busy Kakamega-Mumias-Busia-Uganda Highway. She also has a big rental centre with several apartments. A Rental Building worth Kshs. 50M stands strategically at her Ejinja Corner parcel of land along the same highway. A unique and quality storey building stands in Bungoma Town in her ownership. She has 15 classic Public Service Vehicles plying Mumias-Kisumu Road with 2 state of the art private vehicles that serve her on errands.

Kenneth Tirrah the SACCO Audit Manager owns several business premises in Kakamega Town and outskirts dealing in hospitality industry thus; Bars and Restaurants. He too runs Stationery Supplies Firms that trade directly with INVEST TO GROW SACCO. He has several tractors acquired under questionable circumstances. Among the many storey buildings he owns in Kakamega Town, he has several others currently under construction. He is a landlord of expansive pieces of land in Kitale Settlement Scheme among the other unaccounted for property.

The SACCO Vive Chairman Mr. Francis Omollo invested Kshs. 25M in academic parallel programs in 1 year. He bought 50 Acres in Cherengany and transformed his one time simple home into a glittering paradise.

All these acquisitions stand to be queried as the owners named and detailed herein are Primary School Teachers whose Basic Salary Packages are in the records of Teachers Service Commission. Through fraudulent means, the estranged clique of managers and administrators are individually committed to swindling SACCO resources to enrich themselves mindless of the members who have entrusted their revenues with the very SACCO.

The habitual grabbing that has bedeviled the one time noble SACCO, led the clique into adulterating the Sinking Fund. The Sinking Fund takes care of loans defaulted due to natural attrition or other natural/ artificial but notable circumstances. The employment of relatives to post them in strategic positions in the Finance Departments between 2016-2019 ailed and still ails INVEST TO GROW SACCO. The Chairman employed a Cousin; the Treasurer hired a Nephew as the Hon. Secretary ensured his own son was employed to serve in the respective Department. The relatives were put on the SACCO Payroll to draw huge salaries and allowances which ended up in the pockets of their masters as they solely accessed peanuts. Teachers who cooperated with the fraudulent clique were guided to allow monies getting stashed on their personal dormant accounts they use to access credit facilities. The money was stashed by relatives hired by the dishonest Managers and Administrators. David Moyia’s Nephew known as Ernest Esingole was charged with the irregular responsibility of moving monies from the SACCO through loans. David Okwemba’s son called Jackton Toko an Assistant Accountant did the same. An Accountant called Sammy Chahayo collected money from teachers in Lurambi using dubious reasons to stash the same in teachers’ dormant accounts to benefit the corrupt management and administration. A former Assistant Auditor called John Oyugu was doing the same illegal work in Vihiga before being fired.

IG Sacco meeting

The money was then withdrawn by the very teachers to give the bigger chunk of it to the uncouth managers and administrators; leaving them (the teachers) with mere tokens of appreciation for patronizing the illegal routine acts of the syndicate. Unfortunately, the very teachers ended up suffering forfeiture of their shares with other deductions to service the loans the heartless clique had enjoyed the same to scale up investment in physical assets.

The clique has continually but illegally traded with the SACCO using proxies with registered companies who earn tokens from the dirty deals. An ICT Employee called Bosco Munzatsi was used by some Board Members and Senior Administrators to facilitate irregular procurement procedures and fraudulent transactions at the SACCO.  They own the better fraction of Kakamega and Bungoma Towns where they have invested heavily in real estate.

Some Members of the County Assembly (MCAs) were advanced huge loans with intention of the Management and Administration getting huge tokens from the same with promises of writing off part of the loans when defaulted. Some staff members joined the dirty art and practice and started using names of MCAs to access the credit facilities thence defrauding the SACCO. Some Annual Reports with figures like Kshs. 30M advanced to MCAs and not repaid call for probing and prosecution. Some  Staff Members and Board Members are currently owing to the SACCO huge illegal loans.

Some External Auditors are compromised to keep blind eyes on the records of the SACCO as they too benefit from the illegal practice. Reports that reached the Regional EACC officers were thwarted as the management and Administration acted first to buy their silence on the matter.

The Clique has shockingly paid themselves allowances to the tune of Kshs. 100,000 per month over services that can least be accounted for. This has been done in full light, knowledge and nod of SASRA as some officers in the public system access tokens from the brutal Clique.

Funny scenarios have characterized the running of the one time robust and popular SACCO. The Treasurer-Mr. David Moyia’s sudden change of lifestyle raises eyebrows. He married a second wife at the expense of the SACCO calls for prosecution. He drew SACCO resources to buy the wife I Acre of land at Kshs. 2M in the heart of Kakamega Town despite the current high rates of acquiring parcels of land in the CBD of the respective County. He acquired a brand new Lexus car with him buying 2 of the same make. He put up for her a 5-Bedroomed Mansion, treated with standard interior and exterior designs with furnishes of colossal costing. An electric fence secures the palatial home. He got her a 10-Cow Dairy Unit put in place and a 500-Exotic Chicken Poultry Unit established. She enjoys high-class security services of a renowned security company –G4S that provides sniffer dogs, trained guards and alarms with CCTV connectivity.

IG Sacco logo

The aggregate property held by this clique is approximately Kshs. 1.5B. A lifestyle audit of the named Officers if conducted shall salvage the future of IG SACCO whose initial goals and objects purposed to enhance livelihoods of the SACCO Members, their dependants and the local community populace. It is imperative that the Head Office of EACC intervenes in this matter to bring to book perpetrators of such a high-level corruption.

Word has it that some Regional EACC Officials have been compromised with huge sums of money to sustain silence over the ongoing vice of corruption.

This will help rebuild sanity in the institution and also act as a benchmark for other SACCOs where colossal sums of money of innocent Kenyan Citizens has ended up in the coffers of individuals who believe and imagine that they are immune from the arm of the Law of the land.

IG SACCO MANAGEMENT & STAFF

BOARD OF DIRECTORS

1.KENNEDY KEYA, CHAIRMAN

2.FRANCIS OMOLO, V/CHAIRMAN

3. DAVID OKWEMBA, HONORARY SECRETARY

4. DAVID MOYIA, TREASURER

5. MRS. LUDWINA MUDAKI, DIRECTOR

6. TOBIAS O. ORIEDO, DIRECTOR

7. JUMA S. SHIKOKOTI, DIRECTOR

8. JUSTUS I. WABUKO, DIRECTOR

9. RICHARD SHILARO, DIRECTOR

SUPERVISORY COMMITTEE MEMBERS

10. JUSTINE O. MUTANYI, CHAIRMAN – SUPERVISORY COMMITTEE

11. JOHNSTONE ASENJI, SECRETARY – SUPERVISORY COMMITTEE

12. RODGERS ALAKONYA, MEMBER OF SUPERVISORY COMMITTEE

IG SACCO STAFF

  1. PETER A.  VUHYAH, CHIEF EXECUTIVE OFFICER
  2. KENNETH  O. TIRRAH, AUDIT MANAGER
  3. MARY K.  AWINO, FINANCE MANAGER
  4. BOSCO  MUNZATSI, ICT MANAGER
  5. ALICE N. WETOLA, ADMINISTRATIVE OFFICER
  6. KEVIN OMBUGE, MARKETING AND PR MANAGER
  7. ESTHER MADISI, HUMAN RESOURCE OFFICER
  8. DAN EGESA, BRANCH SUPERVISOR
  9. FIDELIS VODOTI, SAVINGS MANAGER
  10. CALVIN OMUTOKO, BRANCH SUPERVISOR – LUMAKANDA
  11. WINFRED  SHIRAHO, FOSA SUPERVISOR
  12. PIUS K. MOLA, CREDIT OFFICER
  13. DORCAS  KHAMALA, BRANCH SUPERVISOR – MBALE
  14. EDWIN SHIKOCHI SHIHANDE, SYSTEMS ADMININISTRATOR
  15. JOSEPH CHURCHILL, CREDIT OFFICER – RECOVERIES
  16. HELLEN MUYALE, SECRETARY
  17. EMMA LUNYOLO WASWA, CREDIT MANAGER
  18. CHARLES MADEGWA, CREDIT OFFICER – LOANS
  19. SIMON MUKAMBI, BRANCH SUPERVISOR – MUMIAS
  20. CALVIN ODONGO JUMA, ACCOUNTANT
  21. MERCY VOSEVWA, TELLER
  22. PATRICK M. CHILAINI, DRIVER
  23. ZUHURA MIRIAM, MARKETING & PR OFFICER
  24. MERCY IMINZA MASHAI, BRANCH SUPERVISOR
  25. SAMUEL MUHANJI ALELA, ACCOUNTS ASSISTANT
  26. ERIC INYANGALA, REGISTRY SUPERINTENDANT
  27. SALOME NAFULA JUMA
  28. AUDIT ASSISTANT
  29. PAULINE MAKEBA ODENYO, CASHIER
  30. AYIEMBA RACHEL BETTY, TELLER
  31. LILIAN IKHUMBA MUKUSA, ACCOUNTS ASSISTANT
  32. DONNATHER SHILWATSO, RECEPTIONIST
  33. DICKSON OSORE WALIARO
Join our Telegram channel for breaking news, entertainment news and so much more.

Comments

comments

Share this:

  • Twitter
  • Facebook
Tags: IG (Invest & Grow)Sacco
ShareTweetSend

Related Posts

Martha Karua pocketed BAT’s £50,000 bribe to promote cigarette smuggling
Exposé

Martha Karua pocketed BAT’s £50,000 bribe to promote cigarette smuggling

May 17, 2022
Exposé

Expose: Martha Karua Pocketed BAT’s £50,000 Bribe To Promote Cigarette Smuggling

May 17, 2022
The flashy swankpot  old man supporting Raila to safeguard questionable Wealth
Exposé

The flashy swankpot old man supporting Raila to safeguard questionable Wealth

May 3, 2022
Exposé

Dramatic arrest at sea as consignment of Bhang is seized

April 30, 2022
Exposé

Fraud And Corrupt Practices In Health Service Delivery

April 23, 2022
Building Capacity For Sustainable HealthCare Service Delivery
Exposé

Building Capacity For Sustainable HealthCare Service Delivery

April 21, 2022
Next Post

Havi: IG and OCSs interfering with LSK affairs

Popular Articles

  • Expose: Martha Karua Pocketed BAT’s £50,000 Bribe To Promote Cigarette Smuggling

    0 shares
    Share 0 Tweet 0
  • Video: Patrick Ayoyi Records Himself Defiling Minor

    865 shares
    Share 865 Tweet 0
  • Martha Karua pocketed BAT’s £50,000 bribe to promote cigarette smuggling

    0 shares
    Share 0 Tweet 0
  • How to sign-up to Metropolitan National Sacco, get a quick loan

    0 shares
    Share 0 Tweet 0
  • Renegade Raila uses Kibaki funeral to conceal flopped trip

    0 shares
    Share 0 Tweet 0
  • Trending
  • Comments
  • Latest

Expose: Martha Karua Pocketed BAT’s £50,000 Bribe To Promote Cigarette Smuggling

May 17, 2022

Video: Patrick Ayoyi Records Himself Defiling Minor

February 17, 2020

Why Is The Chinese SGR Slow As The Old Colonial Train Line?

November 3, 2020
DP Ruto’s righthand man floored in Baringo UDA Primaries

DP Ruto’s righthand man floored in Baringo UDA Primaries

April 19, 2022
Martha Karua pocketed BAT’s £50,000 bribe to promote cigarette smuggling

Martha Karua pocketed BAT’s £50,000 bribe to promote cigarette smuggling

May 17, 2022

Expose: Martha Karua Pocketed BAT’s £50,000 Bribe To Promote Cigarette Smuggling

May 17, 2022

Gachagua named Deputy President

May 15, 2022

Azimio manager nursing injuries in fight over a bootylicious attendant 

May 15, 2022
  • Home
  • News
  • Business
  • Entertainment
  • Lifestyle
  • Politics
  • Sports
  • Tech
  • World

© 2019 Kenyan Bulletin

No Result
View All Result
  • Homepages
    • Home Page 1
    • Home Page 2
  • News
  • Politics
  • Business
  • World
  • Entertainment
  • Lifestyle
  • Sports
  • Tech

© 2019 Kenyan Bulletin