How 16,000 officers lost their Police Sacco savings - News Summed Up

How 16,000 officers lost their Police Sacco savings


Then, recruits were forced to live at Ruaraka Housing Estate in Kasarani, Nairobi County. It was funded by members of the Kenya Police Sacco Society and the Kenya Police Sacco, as a body corporate," the documents state. In 2000, the investment was transferred from Ruaraka Housing Estate to Ruaraka Housing Estate Limited, and the ownership of the new company at the time had nine interim directors. "The ownership of Ruaraka Housing Estate is 75 per cent member shares and 25 per cent Kenya Police Sacco shares," the documents state. The highest was paid Sh1,800 but those in Ruaraka Housing are yet to receive any money," he said.


Source: Daily Nation February 26, 2024 06:28 UTC



Loading...
Loading...
  

Loading...