Cyprian Is Nyakundi
Civil Service Fraud

Trans Nzoia First Lady Lydia Khaemba Loots Women Sacco

Lydia Khaemba, she should be arrested like yesterday for fraud involving county funds and a women sacco.

The ongoing series exposing the crimes of unofficial first lady of Trans Nzoia Lydia Khaemba has another shocker. The madam terrorist is alleged serial looter.

In 2017, the Trans Nzoia Women Sacco has over Ksh22 million.

The Sacco was supposed to offer loans to Registered groups.  The initiative was meant to empower registered Women groups by giving them loans.

But instead of giving loans to Registered groups, money is channeled to individual accounts.

On 5 March 2019, The Sacco money, 300K was transferred to Account number 1123827966 KCB Eldoret Branch, account belongs to the County Secretary Pius Munialo. Munialo is among the people involved in looting Sacco.

On 18/2/2017, Ksh1.4 million was stolen by the governor’s second wife Lydia Khaemba. She used this money to buy a Mercedes Benz.

So far the Sacco can’t account for Ksh22 million shillings.

Widespread crimes involving Saccos

Kenya’s Savings and Credit Co-operative Societies (SACCO) is valued at over Ksh1 trillion shillings.

In the past one year, Kenyans have been treated to news of SACCOs defrauding clients, losing clients’ money or engaging in unplanned moves like banking and other myopic development initiatives, in turn incurring a lot of problems leading to loss of money.

One headline read, ‘Why Sh1 trillion Kenya SACCOs are a ticking time bomb’

The story goes on to state that, ‘at stake are hundreds of billions of shillings of members’ savings that have either been lost or are at risk of being lost as more and more cases of financially troubled Savings and Credit Co-operative Societies (Saccos) come to the fore. Just three Saccos; Mwalimu, Ekeza and Stima Investment Co-operative, are together estimated to have lost their members upwards of Sh3.6 billion through mismanagement or outright fraud by officials and boards.

The state department of Co-operatives has called on the Ethics and Anti-Corruption Commission (EACC) to investigate and possibly prosecute the individuals involved in the above and more cases.

Conned members of Ekeza Sacco owned by fraudulent businessman Gakuyo lined-up outside Directorate of Criminal Investigations (DCI) offices in a human file extending kilometres outside the compound.

Kenyans are good people, fucked up by bad leaders. The other problem is that we are very trusting and even after we’ve been wronged, we still sit still instead of demanding. Demanding for change entails demonstrations and even in the most corupt society, such a language can be heard by the vilest miscreant gang.

Cnyakundi.com calls upon the Directorate of Criminal Investigations (DCI) to send detectives after Ms. Lydia Khaemba.

Next:Nepotism in Trans Nzoia County, the relatives (relathieves) Khaemba has ‘hired’ and more.



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