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Thursday, 15 November 2012

VERBATIM:
Masaku Teachers'
Sacco debtors

The Ministry of Cooperative Development con ducted an inquiry into the activities of the Masaku Teachers Sacco Society and the findings have been hidden from members.

The Anchor has however been serializing the findings in the last two issues and in this issue brings out a verbatim account of those whose loans are in the negative and are driving the sacco to death.

“YEAR 2008 INQUIRY LIST OF SHAME:

Preamble: The ministry of the co-operative development and marketing carried out an inquiry into the mal­prac­tices in the Masaku teachers Sacco Society Ltd. The following was un­earthed.

Overdrafts loans (Negatives).

NO. NAME AMOUNT (KSHS)

1. Mr. Albanus Mutisya 3,600,000 (3.6m)
2. Mr. Solomon Ngomo 4,200,000 (4.2m)
3. Mr. Stanley Kyelenzi 1,700,000 (1.7m)
4. Janet 315,000
5. Malila 630,000
6. Mbalya 402,000
7. Musembi 1.09m
8. Mutiso 126,000
9. Makeke 576,000
10. Mbithi 841,000
11. Muema 216,000
12. Ndeto 87,000
13. J. George 1,200,000
14. Musyoki 720,000
15. Mulandi 133,000
16. Soo 355,000
17. Ngumba 1,180,000 (1.18m)
18. P.Mutuku 600,000
19. Frida Musyoki 342,000
20. Susan Muia 144,000
21. Nzioki 465,000
22. Seva 217,000
23. Kioko Matheka 89,800
TOTAL 19,947,000

2. COMMITTEE MEMBERS

1. James Muia (former chairman) - 500,000/=
2. Rodgers Nzoka (fomer treasurer) - 600,000/=
3. Paul Kioko (current Honour Secretary) - 282,000/=
4. Julius Nzioka (current Chairman) - 493,000/=
5. Benjamin Isika (current Treasurer) - 336,000/=
For the above Treasurer, The sacco paid for
His University fees at Kampala International
University from 2005 – 2008 (4 years)
6. Mr. Nduta (Mbooni representative) - 50,000/= (imprest)
7. Mr. Kavuu (Plaza Treasurer) - 1,300,000/=
8. Mr. Josephat Kalonzo (V/Chairman) - 200,000/=
9. Mr. Edrick Ngunzi (Chairman supervisory) - 142,000/=
10. Mr. Daniel Nzioki (former chairman
Supervising committee) - 47,000/=
TOTAL 3,950,000/=

INQUIRY RECOMMENDATION
All the money must be paid and those holding office should quit immediately and pave way for fresh elections"

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