The recently appointed Sacco Societies Regulatory Authority acting CEO Peter Njunguna is under fire with negative allegations pouring against him.
Weekly Citizen is informed that since he took over from John Mwaka, Njunguna on his acting capacity is claimed to be operating in total disregard of the senior staff and the board.
His accusers point out that he keeps bragging how he has managed to pocket some board members including the chairman, by making sure that they come to the office week.
This means that they draw per diem and sitting allowances on a weekly basis to ensure that they will favour his confirmation for the position.
The position is very influential in the financial industry.
Njunguna was a manager in charge of the entire SACCO sub-sector’s supervision prior to his new role as the acting CEO.
Disgruntled staff is citing that the current happenings at the agency are illegal, unethical and not sustainable.
They demand that the board should be ethical enough not to solicit for money from Njuguna given that there’s a budget cap. Weekly Citizen has reliably learned that , they were forced to do a budget reallocations to accommodate the board’s worryingly growing appetite.
Njuguna is said to be fashioned himself as a well-connected man and surprised many when he recently confessed how he uses a Kenya Power PS Eng. Joseph Njoroge to deliver money to CS Peter Munya.
On Saturday, even before the results of the recent CEO recruitment , he reportedly held a bid party to celebrate for the CEO’s position, fully confirmed that his purported money to Munya has worked.
Those in the know say that the party was partially funded by Njuguna’s uncle who has business interest in mining.
As Njuguna goes about his business , it’s evident that he has really tried to raise money to satisfy the board chairman.
Recently staff were ordered to do a report so that Njuguna could sack mwalimu Sacco board and CEO who refused to give him money.
Those delegated to carry out the witch-hunt through negative report said recounted how they struggled to do such a report since the issues are historical yet they had to impress the boss let they equally get fired, demoted or transferred to other departments which are less lucrative.
‘We are hoping that someone would hear our cries but apparently it looks like we have no one to run to,’ one of the staff lamented.
It’s said that Njuguna’s uncle in question gives him money and where it’s not enough he will send the staff to harass Saccos so that he can be able to solicit funds from them as a way of securing their survival.
They were however quick to note that, Njunguna overally has been a good guy, but since he started acting, power giot into his head and the board chairman Munuve cannot help.
The CEO many times struggles to accommodate his demands and recently, he blatantly refused to pay a supplier who could not bribe him.
The staff noted that they have a competent board which is highly compromised and a CS who is conflicted.
They noted that as staff and the SACCO movement , they are doomed now that Njuguna who is already sick from the big man syndrome is very sure and saying it loudly that by Wednesday he will officially be announced as the CEO .
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