Matiang’i Directs his guns at Rogue sacco officials who have been defrauding Kenyans

Interior Cabinet Secretary Dr. Fred Matiangi has said arrests of errant Sacco officials will soon start as investigations into their conduct are almost complete.

“We can’t allow someone to steal your life savings. We will bring them to Justice..we can’t allow this. ” he said

Speaking during the Kenya Police Sacco Annual General Meeting, Matiangi called for accountability in Sacco operations noting that cooperative societies play a key role in the development of the country’s financial sector.

In the recent past, some Saccos have been facing management and operational challenges due to malpractices by those in leadership positions, putting members’ savings at risk.

However,  CS Dr.  Matiang’i says soon arrests will be made on directors and Sacco officials mismanaging or looting Saccos.

He urged Saccos to consider participating in the government’s privatization  programme as a way of diversifying their products and increasing their asset base.

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