By Malachi Motano
Sacco leaders call for introduction of stiffer penalties against public entity heads who do not remit Sh3.8 billion deducted from workers’ salaries.
According to Kenya Union of Savings and Credit Co-operatives (Kuscco) group Managing Director George Ototo, the stern measures will deter a trend where universities, county governments, water companies and fresh produce entities continue withholding the money meant for loan repayments, member savings and proceeds of share purchase money
He said county governments were yet to release legacy non-remittances inherited from the defunct county, municipal and town councils hurting DT-Sacco’s expansion plans that meant loss of jobs and revenue to the national treasury taxes.
“The commissioner for co-operatives has powers to freeze the accounts of these offenders, but we take note that despite numerous interventions by the commissioner, not much has been achieved,” he said.
