Kenya's Department of Co-operative Development is facing criticism for its apparent lack of oversight in the significant financial troubles plaguing SIC Investment Co-operative, despite having a representative on its board.

• Potential loss of approximately Sh2 billion in members' money due to alleged fraudulent activities.
• Key organizations include SIC Investment Co-operative and the Department of Co-operative Development, led by Commissioner David Obonyo.
• The regulator claims ignorance of the issues, only aware of a board and CEO change, while members are unable to access their funds, and projects like the Miran Housing Project are delayed.