Cooperative Bank Chairman Accused of Property Theft

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Nyakundi Report

Newsroom 2 min read

Stanley Muchiri, the chairman of Cooperative Bank, has been accused of stealing a house from a client, according to the original account. The house, located in Muranga County, was allegedly acquired by Muchiri after he fraudulently hijacked a title deed from his bank.

Prior to moving into the house, Muchiri lived in a region called Kamahuha, where he headed the local farmers' cooperative society. The original account claims that Muchiri used his influence as chairman of Cooperative Bank to evict the widow and her children from the house, despite their commitment to repay a loan.

Evidence and Context

The original account also mentions that Cooperative Bank donated Kshs. 5 Million to Rachel Ruto, the wife of Deputy President William Ruto, allegedly as protection money to prevent the Ethics and Anti-Corruption Commission (EACC) from investigating the bank.

The EACC has been criticized for its handling of corruption cases, including allegations that its director, Halakhe Waqo, was bribed by Stanley Muchiri and Gideon Muriuki, the managing director of Cooperative Bank, to overlook their alleged crimes.

Response and Consequences

The original account calls for Rachel Ruto to refund the donated money and for Halakhe Waqo to resign and pave the way for someone less greedy. It also demands that Waqo arrest and charge Stanley Muchiri, Gideon Muriuki, and the entire board of Cooperative Bank.

If these demands are not met, the original account warns that Deputy President William Ruto may face consequences along with the bank.

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