Sacco auditors Stories

SACCO lending surges to Sh131.8 billion as demand for land, school fees, farm credit rises
Maureen Kinyanjui  |  Dec 12, 2025

Land purchases attracted Sh17.37 billion while housing loans reached Sh15.33 billion, underscoring SACCOs’ critical role in helping members acquire la...

Counties exposed as Auditor General flags major in emergency preparedness
Maureen Kinyanjui  |  Dec 11, 2025

The report raises serious concerns about adherence to financial management laws, putting millions of residents at risk from floods, fires, famine, dis...

County expenditure share by sector (FY2023/24)
Charity Pancras  |  Dec 10, 2025

Agriculture, which sustains more than 70 per cent of rural households, continues to receive less than 6 per cent of county funding, far below the 10 p...

Rival Isiolo speakers face Senate over audit failures
Maureen Kinyanjui  |  Dec 10, 2025

Two rival Isiolo County speakers clashed before a Senate committee over unanswered 2023–2024 audit queries, amid court battles, vandalised assembly of...

KEBS urges institutions to integrate systems, modernise auditing
Farhiya Hussein  |  Dec 09, 2025

Ngari, speaking to representatives from government agencies, private companies, and quality assurance professionals, said the conference offers a crit...

Auditor General flags Kenya Power for missing 30 per cent tender quota for youth, women, and PWDs
Lucy Mumbi  |  Dec 08, 2025

Kenya Power disclosed that the value of tenders awarded to these groups jumped 470 per cent to Sh3.5 billion during the year as the firm stepped up ef...

MPs back move to amend finance law to align audit timelines with Constitution
Maureen Kinyanjui  |  Dec 07, 2025

Auditor General Nancy Gathungu has called on accounting officers to hand in their financial statements within one month after the end of the financial...

MPs question Sh1 billion unsupported spending, ethnic imbalance at NKPCU
Maureen Kinyanjui  |  Dec 05, 2025

Parliament’s investments committee has queried over Sh1 billion in unsupported spending and irregular staffing at NKPCU, demanding documents on coffee...

State agencies, counties owe Kenya Power Sh4.67 billion in unpaid bills - Auditor General
Lucy Mumbi  |  Dec 03, 2025

Auditor General Nancy Gathungu said the unpaid bills cover 140.06 million units of electricity, highlighting persistent revenue collection challenges...

122 electrocuted as illegal connections, encroachment rise - Kenya Power
Lucy Mumbi  |  Dec 02, 2025

21.7 per cent of the fatalities were caused by faulty wiring at customer premises, 12.2 per cent by structures or activities near power lines and 11.2...

MPs push for urgent funding boost for Auditor General’s office
Lucy Mumbi  |  Dec 02, 2025

The committee, in its report, called for an increase in the OAG’s annual budget to internationally recognised standards and to the constitutional mini...

Top schools flagged for illegal fees and uniform procurement in Auditor General’s report
Lucy Mumbi  |  Dec 01, 2025

A report by the Auditor General shows that some parents were forced to pay as much as Sh1.2 million for projects initiated by schools, while others pa...

Audit flags leadership vacuum at Garissa University since 2022
Maureen Kinyanjui  |  Nov 25, 2025

According to the Auditor General, this situation goes against the University Act, 2012, which requires every university to have a chancellor to provid...

Auditor General calls for penalties on officers who ignore audit recommendations
Lucy Mumbi  |  Nov 24, 2025

Auditor General Nancy Gathungu expressed concerns that her office’s audit recommendations are often not implemented, with many issues recurring in sub...

Treasury under fire for using Sh2.67 trillion in domestic loans on recurrent spending
Lucy Mumbi  |  Nov 24, 2025

A report by the Auditor General reveals that the money raised between 2018 and 2023 largely went to cover routine exchequer releases and debt maturiti...

Rising charges for permits, passports push non-tax revenue to record levels
Lucy Mumbi  |  Nov 23, 2025

According to the National Treasury, the surge was driven by higher charges for work permits, passports and national identification replacements, pushi...

Auditor General Nancy Gathungu warns of pension losses as government delays remittances
Maureen Kinyanjui  |  Nov 21, 2025

Gathungu warned that the delays violate the Public Service Superannuation Scheme Act of 2012, which mandates that contributions must be remitted withi...

Revenue gaps, budget misalignments hurting service delivery, warns Auditor General
Maureen Kinyanjui  |  Nov 21, 2025

The Auditor General attributed the low absorption of 56.5 per cent of the development budget by County Governments in the last financial year to unrea...

Governance Committee orders mandatory audit attendance for university heads
Maureen Kinyanjui  |  Nov 21, 2025

The Committee underscored that this oversight is vital for addressing financial mismanagement, governance gaps, and any suspected wrongdoing.

Upcoming by-elections to cost Sh700 million, says IEBC Commissioner Ann Nderitu
Maureen Kinyanjui  |  Nov 20, 2025

Besides human resources, electoral materials form a large portion of the costs. Ballot papers, seals, stamps, and indelible ink are all produced with...

Auditor General flags Sh1.37 billion overdue payments at KenGen amid rising debts
Lucy Mumbi  |  Nov 17, 2025

The provision for Kenya Power’s debt alone increased by 78 per cent to Sh830.99 million, as the Sh16.65 billion owed remained largely unsettled.

Auditor General warns Kenya Railways’ Sh569 billion loan default could burden taxpayers
Lucy Mumbi  |  Nov 05, 2025

According to Auditor General Nancy Gathungu, the corporation is struggling to service the loan due to insufficient revenue generation and retention of...

Audit uncovers Sh13 billion irregularities in Ketraco wayleave payments
Maureen Kinyanjui  |  Oct 30, 2025

The audit reveals that numerous payments were made without proper documentation, while some land valuations were inflated, raising questions about gov...

20 firms fined Sh2.2 billion for failing to remit unclaimed financial assets
Maureen Kinyanjui  |  Oct 28, 2025

15 of the 20 companies faced fines amounting to at least half of the assets they failed to remit. CIC Insurance bore the largest penalty of Sh999.6 mi...

Majority of Kenya’s unclaimed assets under Sh1,000 - Auditor General
Maureen Kinyanjui  |  Oct 28, 2025

The audit highlights how many holders of small amounts are deterred from claiming their funds because they face mandatory expenses such as travel, not...

Insurance audit firms face eight-year term limit under draft Treasury rules
Lucy Mumbi  |  Oct 27, 2025

The proposed regulations aim to introduce strict rotation rules, capping the tenure of audit partners, managers and staff at four consecutive years, w...

Sacco auditors face lifetime ban for failing to submit mandatory reports, regulator warns
Lucy Mumbi  |  Oct 27, 2025

The regulator said auditors who either fail to submit or delay the submission of statutory reports on the operations and financial condition of regula...

Auditor faults UDA for lacking proof of Sh2 billion land assets
Maureen Kinyanjui  |  Oct 25, 2025

Nancy Gathungu noted that the ruling party listed land worth Sh1.953 billion in its financial statements but did not provide supporting documents to p...

Billions locked in stalled county projects across the country - CoB Margaret Nyakang'o
Maureen Kinyanjui  |  Oct 25, 2025

The CoB attributes the setbacks mainly to contractors who either abandoned work, delayed delivery, or lacked the capacity to meet their obligations.

SHA accused of ignoring law in hiring as NHIF workers left out
Maureen Kinyanjui  |  Oct 25, 2025

According to KUCFAW general secretary Andrew Kinyua, the recruitment process currently being conducted by SHA violates the Social Health Insurance Act...

Stay ahead of the news! Click ‘Yes, Thanks’ to receive breaking stories and exclusive updates directly to your device. Be the first to know what’s happening.