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Originally published by KBC County News
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August 18, 2026
2h ago

Treasury officials, business owners arrested over alleged Ksh1.57B PROFIT Programme fraud

Treasury officials, business owners arrested over alleged Ksh1.57B PROFIT Programme fraud

The Ethics and Anti-Corruption Commission (EACC) has arrested nine suspects over the alleged embezzlement and fraudulent disbursement of Ksh1.57 billion under the Rural Outreach of Financial Innovations and Technologies (PROFIT) Programme...

✨ Key Highlights

The Ethics and Anti-Corruption Commission (EACC) has arrested nine individuals, including Treasury officials and business owners, in connection with an alleged fraud involving Ksh1.57 billion under the Rural Outreach of Financial Innovations and Technologies (PROFIT) Programme.

  • The EACC alleges that Ksh1.569 billion was fraudulently disbursed and channeled to private entities for goods and services never supplied.
  • Key figures arrested include PROFIT Programme Coordinator John Ngure Kabutha and National Treasury Head of Accounting Unit Namwel Moturi Motanya.
  • An unauthorized bank account allegedly received and laundered Ksh175 million, with a substantial portion withdrawn in cash.

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