Milton
SACCOs and banks must be regulated urgently. Imagine huyu mwanaume gari zake worth 10Million zinakuwa auctioned to recover a loan of 1.5M.
Too many Kenyans are being made poor through a well planned scam disguised as loan recovery.
You take a logbook loan, struggle to pay, and just when youβre almost clearing it, your car or property is auctioned and this is not accidental but a well organized cartel.
Managers, auctioneers, and sometimes even magistrates collude. Auctioneers, Buyers are already on standby.
Assets are sold cheaply, kickbacks shared and sometimes resold to the same insiders.
This is daylight robbery in the name of financing and Kenya needs strict regulation, transparency and accountability.
Loans should be meant to uplift people not trap them in legalized theft. Hakuna tofauti ya hawa na wale wakora wa robbery with violence.
Treasury CS John Mbandi Enough is enough and you must now crack the whip.
Kindly help me locate this guy ama nipewe namba yake. These cartels must now be exposed.
