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Originally published by Capital Newstop
August 18, 2026
1h ago
EACC arrests Treasury officials, business owners over alleged Sh1.57bn PROFIT Programme fraud
NAIROBI, Kenya, Aug 18 — The Ethics and Anti-Corruption Commission (EACC) has arrested senior National Treasury officials and business owners over an alleged Sh1.57 billion fraud scheme involving funds meant…..
✨ Key Highlights
The Ethics and Anti-Corruption Commission (EACC) has arrested nine individuals, including senior National Treasury officials and business owners, over an alleged Sh1.57 billion fraud scheme involving the PROFIT Programme.
- The alleged fraud amounts to KES 1,569,582,338.20, intended for small-scale farmers.
- Key figures arrested include PROFIT Programme Coordinator John Ngure Kabutha and National Treasury Head of Accounting Unit Namwel Moturi Motanya.
- Funds were allegedly diverted to 23 private entities for goods and services that were never supplied, with an unauthorized bank account also used for laundering and embezzlement.
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