Hustler Fund

2024 - 7 - 9

Shocking Revelation: Auditor General's Findings on Hustler Fund Stir Controversy

Auditor General - Hustler Fund - KCB Bank - Nancy Gathungu - President William Ruto - Simon Chelugui

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.

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Image courtesy of "Citizen Digital"

Auditor General raises red flag over Hustler Fund management (Citizen Digital)

She highlighted that the Hustler Fund Management failed to provide financial statements for audit review, which prevented verification of the source and ...

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Image courtesy of "Tuko.co.ke"

Auditor General Nancy Gathungu flags irregularities in Hustler Fund ... (Tuko.co.ke)

Nancy Gathungu has revealed major irregularities in President William Ruto's Hustler Fund. She pointed to unregistered and unqualified individuals receiving ...

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Image courtesy of "DAILY POST"

Hustler Fund is a big scam as it emerges money keeps disappearing ... (DAILY POST)

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 ...

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Image courtesy of "Kenyans.co.ke"

Hustler Fund: Govt Disburses Ksh54M as Number of Repeat ... (Kenyans.co.ke)

President William Ruto's government has successfully disbursed Ksh54 million through the Hustler Fund, with the number of repeat borrowers exceeding the 8 ...

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Image courtesy of "Capital FM Kenya"

KCB Bank denies processing Hustler Fund loans without IDs (Capital FM Kenya)

NAIROBI, Kenya, July 9 - KCB Bank has denied processing Hustler Fund loans to customers on boarded into the platform without National Identification Cards ...

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Image courtesy of "The Star, Kenya"

CS Chelugui dismisses reports of irregularities at Hustler Fund (The Star, Kenya)

Co-operatives and Micro Small and Medium Enterprises Cabinet Secretary Simon Chelugui speaking during a press briefing on Hustler Fund at the NSSF building, ...

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Image courtesy of "Citizen Digital"

Hustler Fund: CS Chelugui clarifies red flags raised by Auditor General (Citizen Digital)

Cooperatives and MSMEs Cabinet Secretary Simon Chelugui has defended President William Ruto's pilot project, the Hustler Fund over concerns of ...

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Image courtesy of "Citizen Digital"

No funds lost at Hustler Fund, we can account for every coin - CS ... (Citizen Digital)

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 ...

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Image courtesy of "The Star, Kenya"

No money was lent irregularly - Hustler Fund (The Star, Kenya)

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 ...

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Image courtesy of "Kenyans.co.ke"

CS Chelugui Reveals CRB Has Not Yet Accessed Hustler Fund ... (Kenyans.co.ke)

Cooperatives Cabinet Secretary Simon Chelugui on Tuesday clarified that it was too early for the Credit Reference Bureau (CRB) to access Hustler Fund data.

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