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Originally published by Capital News
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August 18, 2026
1mo ago

EACC arrests Treasury officials, business owners over alleged Sh1.57bn PROFIT Programme fraud

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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Part of the Day's Coverage

EACC Arrests Nine Treasury Officials in Ksh1.57 Billion PROFIT Programme Fraud - August 2026

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 Kenyan government is also launching a value-for-money assessment of the Ksh21 billion World Bank-backed Second Kenya Informal Settlements Improvement Project (KISIP2) to ensure it benefited intended communities. Separately, the Registrar of Companies has initiated the dissolution of over 750 companies in Kenya, with 200 already formally struck off the register as of August 14 and 550 more facing potential closure, putting thousands of jobs at risk.

EACC Arrests Nine Treasury Officials in Ksh 1.57B Scandal
EACC Arrests Nine Treasury Officials in Ksh 1.57B Scandal

Kenyans

Ministry to Probe Ksh21 Billion World Bank-Backed Project
Ministry to Probe Ksh21 Billion World Bank-Backed Project

Kenyans

Thousands of Jobs at Risk as Registrar Begins Dissolution of Over 750 Companies
Thousands of Jobs at Risk as Registrar Begins Dissolution of Over 750 Companies

Kenyans

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