Auditor General exposes irregularities in the management of the Hustler Fund by President Ruto. #HustlerFund #AuditReview
The recent report by Auditor General Nancy Gathungu has sent shockwaves through the political landscape, with her alarming findings on the management of the Hustler Fund raising serious concerns. Gathungu highlighted a major red flag, pointing out that the Fund failed to provide financial statements for audit review, leading to a lack of transparency in verifying the sources of funds. This revelation has cast a shadow over the legitimacy and accountability of President William Ruto's flagship program.
In her detailed assessment, Gathungu also uncovered another disturbing aspect of the Hustler Fund - the presence of unregistered and unqualified individuals benefiting from the fund. This revelation has sparked debates on the credibility and effectiveness of the Fund in supporting genuine hustlers. The lack of proper oversight and adherence to regulations has further fueled skepticism among the public and raised questions about the true beneficiaries of the initiative.
The ongoing saga surrounding the Hustler Fund has intensified the scrutiny on the financial management practices within political initiatives. The spotlight on the Fund's irregularities has not only put President Ruto under pressure but has also reignited discussions on accountability and transparency in public-funded projects. As investigations unravel the extent of mismanagement, the future of the Hustler Fund hangs in the balance, awaiting critical reforms to restore public trust and integrity.
As the controversy around the Hustler Fund unfolds, crucial questions arise about the accountability of public funds and the need for stringent monitoring mechanisms in place for government initiatives. The revelations by the Auditor General serve as a stark reminder of the importance of transparency and compliance in ensuring that funds allocated for developmental projects reach the intended beneficiaries.
She highlighted that the Hustler Fund Management failed to provide financial statements for audit review, which prevented verification of the source and ...
Nancy Gathungu has revealed major irregularities in President William Ruto's Hustler Fund. She pointed to unregistered and unqualified individuals receiving ...
Tuesday, July 9, 2024 โ Taxpayers now stand to lose the Sh50 billion that President William Ruto put in the Hustler Fund. This is after it emerged that the ...
President William Ruto's government has successfully disbursed Ksh54 million through the Hustler Fund, with the number of repeat borrowers exceeding the 8 ...
NAIROBI, Kenya, July 9 - KCB Bank has denied processing Hustler Fund loans to customers on boarded into the platform without National Identification Cards ...
Co-operatives and Micro Small and Medium Enterprises Cabinet Secretary Simon Chelugui speaking during a press briefing on Hustler Fund at the NSSF building, ...
Cooperatives and MSMEs Cabinet Secretary Simon Chelugui has defended President William Ruto's pilot project, the Hustler Fund over concerns of ...
Cooperatives and MSMEs Cabinet Secretary Simon Chelugui now says no funds have so far been lost from President William Ruto's flagship financial credit fund ...
The Financial Inclusion Fund (FIF) has denied that it issued loans to undocumented people, terming the auditor's report as alarming. In a detailed response to ...
Cooperatives Cabinet Secretary Simon Chelugui on Tuesday clarified that it was too early for the Credit Reference Bureau (CRB) to access Hustler Fund data.