Treasury Warns Kenyans Against Scam Targeting Govt Bonds and Bills

The notice came just a week after the Treasury announced the cancellation of several tenders...
✨ Key Highlights
The National Treasury has issued a public warning about a fraudulent online investment scheme circulating under its name. The scam promises quick and guaranteed returns through fake Treasury-backed instruments and crypto-related products, falsely claiming to launch "Online Investment Sessions."
- The bogus scheme entices participants with investments between Ksh10,000 and Ksh50,000, promising returns in less than three hours.
- The notice included a personal WhatsApp number and advertised investments in Treasury Bills, Treasury Bonds, Infrastructure Bonds, and "regulated Crypto ETFs."
- The Treasury clarified that no such investment product exists or has been sanctioned by the Ministry, advising the public to ignore the FAKE poster.
- Legitimate government securities are managed by the Central Bank of Kenya (CBK) and do not require third-party registrations.
- The public is encouraged to report suspicious schemes to the Capital Markets Authority (CMA).
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