Safaricom-linked Sacco boss exits as depositors’ claims delayed

Outgoing Safaricom Investment Co-operative CEO Churchill Winstones.

Photo credit: File | Nation Media Group

SIC Investment Co-operative CEO Churchill Winstones has exited the organisation amid months of delays in settling claims from customers who invested millions of shillings in the society’s fixed deposit product.

The exit of Mr Winstones late last week marks the latest reorganisation in an entity that, in June this year, parted ways with the entire board and replaced it with a new one on an interim basis. The new board was confirmed in September.

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