By JAMES KARIUKIMore by this AuthorTelcos that facilitated controversial Ekeza Sacco founder Bishop David Ngari aka Gakuyo to access members’ savings via mobile money risk severe penalties from the regulator. This gave Gakuyo a leeway to continue receiving monies that he used to refund deposits to some disgruntled members,” she observed. The PC said Mr Ngari would not be allowed to dispose of assets bought using Ekeza member funds and all sacco activities would be scrutinised to aid in the recovery of member funds. “We are coming in to protect the public interest as Ekeza funds were used against the will of members. Member funds are not meant for such expenditures but are public funds entrusted to a management board for the public good,” she said.

Source: Daily Nation February 27, 2019 18:45 UTC