No shoulder to weep on as State abandons pyramid scheme victims

According to Mr Nyenze CBK, which ordered the freezing of the accounts, has refused to reveal their status on grounds that such information is confidential.

Contacted for comment, CBK could not confirm or deny that some of the accounts were emptied long before they were frozen.

Instead its communication handlers termed the matter “sensitive”, promising to “raise it with the Governor,” Prof Njuguna Ndung’u.

But it is not just the recommendation that CBK releases a status report on pyramid scheme-related bank accounts that has not been implemented.

The Nyenze-led taskforce came up with 22 recommendations, chief among them the speedy investigation of more suspect bank accounts run by the masterminds.

The deadline for the completion of investigations expired on January 24, with no indication of success.

Not even the Kenya Anti Corruption Commission has been of help, the victims said.

One of the recommendations in the report was that Kacc be brought on board to probe the schemes further.

But according to the report, Kacc said it did not deal with cases involving private individuals and companies.