Ethics and Anti-Corruption Commission (EACC) has singled out and arrested some Treasury officials and private businesses over allegations of Sh1,569,582,338.20 disbursement fraud.
EACC says the funds were meant for facilitating small-scale farmers’ access affordable financing under the Rural Outreach of Financial Innovations and Technologies (PROFIT) Programme.
“EACC investigations established that Ksh.1.569 billion was fraudulently disbursed from the National Treasury Development Account to the PROFIT Programme and subsequently channelled to 23 private entities, 15 business names and eight companies, for goods and services that were never supplied or rendered,” EACC says.
The alleged fraud was gradually committed between the 2013 to 2014, and 2023 to 2024 financial years.
Among those who have been ordered to present themselves at the EACC detective centre for processing before arraignment in court are: Proprietor of El Konyinta Technologies Brian Kiprop Chepkarat, Ian Kwemoi Chepkara (director of 020 Investments Limited and Vido Vici Ltd), director of Blue Dart agencies Ltd Josephat Kamai Kamoshe, proprietor of Ednas Agencies, Prozepp Technologies and Steeren Enterprises James Omwodo Ndai, and Jimmy Carter Odoyo Osodo of Cadnic Investments are
“EACC remains committed to protecting public resources and ensuring persons responsible for loss or misappropriation are held accountable,” the commission said.

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