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Originally published by Capital Business
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business
October 22, 2025
1w ago

Afya Sacco faces probe over financial, management irregularities

Afya Sacco faces probe over financial, management irregularities

NAIROBI, Kenya, Oct 22 - The Government has ordered an inquiry into the troubled Afya Savings and Credit Co-operative Society Limited (Afya Sacco), Kenya breaking news | Kenya news today |..

✨ Key Highlights

The Kenyan Government has ordered an inquiry into Afya Savings and Credit Co-operative Society Limited (Afya Sacco) due to concerns over financial mismanagement and irregular payments. The investigation follows multiple scandals and allegations of misappropriation of funds totaling hundreds of millions of shillings.

  • Over Sh550 million allegedly misappropriated, with Sh360.5 million withdrawn in cash without supporting records.
  • David Obonyo, Commissioner for Co-operative Development, authorized the inquiry under Sections 58 and 73 of the Co-operative Societies Act.
  • Members voted to dissolve the entire board in June 2025 over missing funds reportedly exceeding Sh2 billion.

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