Economy

Ex-co-operatives boss to head Sacco ethics team

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Ms Mary Mungai, Commissioner for Co-operatives. FILE PHOTO | NMG

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Summary

  • Agriculture, Livestock, Fisheries and Cooperative cabinet secretary Peter Munya said Ms Mungai, who retired last year from the public service after attaining 60 years will head the five-member Ethics Commission for Co-operative Societies (Eccos) for three years.
  • The commission is tasked with promoting good governance, enforcing ethical conduct and anti-corruption reforms within the cooperative societies, through diverse strategies including education, advice, investigations and financial disclosure processes.

Former Commissioner of Co-operatives Mary Mungai has been appointed to lead an ethics team to protect billions of shillings in members’ savings in cooperative societies.

Agriculture, Livestock, Fisheries and Cooperative cabinet secretary Peter Munya said Ms Mungai, who retired last year from the public service after attaining 60 years will head the five-member Ethics Commission for Co-operative Societies (Eccos) for three years.

The commission is tasked with promoting good governance, enforcing ethical conduct and anti-corruption reforms within the cooperative societies, through diverse strategies including education, advice, investigations and financial disclosure processes.

The creation of the commission came in the wake of concern among cooperative society members countrywide over plunder of their savings and assets by some unscrupulous officials.

Last year, the Ethics and Anti-Corruption Commission(EACC) boss Twalib Mbarak admitted receiving 400 complaints, 16 of which fell under the commission’s mandate from society members protesting against foul play in pricing parcels of land bought by the societies for subsequent sale to members.

Many saccos had in the past failed to adopt risk management standards, leading to defaults and flouting of prudential requirements.