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Lobby calls for saccos audit in wake of Ekeza fraud claims
Ekeza Savings and Credit Co-operative Organisations members react angrily during their meeting at Kasarani stadium in Nairobi early this year. PHOTO | SILA KIPLAGAT | NMG
The Co-operative Alliance of Kenya (CAK) has called for an urgent audit of all savings and credit co-operative societies (saccos) in Kenya amid fraud complaints against Gakuyo Real Estate, Ekeza Sacco and Gakuyo Investment Club.
CAK chief executive Daniel Marube said the audit would weed out pyramid-like entities masquerading as co-operatives.
