C
Originally published by Citizen Digital
📰 Read Full Article
November 18, 2025
2h ago

Hustler Fund CEO grilled over possible loss of Ksh.6 billion

Hustler Fund CEO grilled over possible loss of Ksh.6 billion

Hustler Fund CEO grilled over possible loss of Ksh.6 billion..

✨ Key Highlights

The National Assembly Special Funds Accounts Committee is probing the Hustler Fund over a potential loss of over Ksh. 6 billion in unrepaid loans, questioning the Fund's management and financial transparency. During a session on November 18, 2025, the committee expressed strong concerns about unanswered audit queries and missing financial documents.

  • Over Ksh. 6 billion of Hustler Fund money is potentially unaccounted for due to unrepaid loans.
  • CEO Henry Tanui of the Hustler Fund has dismissed claims of financial loss, despite the committee's concerns.
  • The Committee, chaired by Fatuma Zainab, suspended a scheduled session due to the Fund's failure to respond to 21 audit queries for the 2022/2023 financial year.
  • The Hustler Fund has received Ksh. 14 billion from the Exchequer, with only Ksh. 1.4 billion currently in circulation.
  • The Committee has given CEO Tanui seven days to provide all outstanding documents and is considering recommending a special audit.

Continue Reading

Read the complete article from Citizen Digital

📰 Read Full Article