Ethics and Anti-Corruption Commission (EACC) has signed an agreement with State Department of Cooperatives to subject Sacco owners and managers to a lifestyle audit.
Speaking during the signing ceremony, EACC chairman Eliud Wabukala addressed the issue of massive corruption and unethical practices within Saccos.
Members of several Sacco’s have complained in losing millions in their savings prompting EACC to act accordingly.
Also present during the signing was EACC CEO Twalib Mubarak who said that their commission will not only audit top managers and owners but as well as trace lost assets.
The new rules come at a time when members of Ekeza Sacco under the governance of Mr. Gakuyo took to the streets demanding payment of their lost savings totaling to 1 billion.
Gakuyo moved to court blocking the DCI from arresting him as members demanded his apology as well.