The Lower Eastern Times Opening The Third Eye
The inquiry, authorised by the Commissioner for Co-operative Development through Gazette Notice No. 17125, will assess the society’s financial position, operational status, outstanding liabilities and the value of its assets.
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Investigators will also review the Sacco’s bylaws, examine the decisions made by its management committee and establish whether its operations have complied with the Co-operative Societies Act.
Patrick Mutiiria, an Assistant Commissioner for Co-operative Development at SDC Nairobi, and John Kariuki Kinyanjui, a Senior Co-operative Auditor at SDC Nairobi, have been appointed to lead the investigation.
The two officials have been given 21 days from the date of the order to complete the inquiry. Members and officers of the society will be informed of the venue and time of the proceedings.
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The investigation is being conducted under Sections 58 and 73 of the Co-operative Societies Act, which provide for inquiries into the affairs of cooperative societies.
As part of the exercise, investigators will scrutinise the society’s financial records, outstanding obligations, asset base and administrative decisions to determine how it has been managed.
Kinatwa Sacco’s members and officials have been directed to cooperate with the investigators and comply with the legal requirements governing cooperative society inquiries.
