This archive report was first published on 17 August 2019.
Kenya College of Insurance, a reputable institution established in 1990, is facing a major crisis following allegations of deep-rooted corruption. The college's headquarters is located at Red Cross Road, South C, in Nairobi.
According to reports, CEO Ben Kajwang and other corrupt officials have been embezzling funds through dirty deals, leaving the institution in a precarious financial situation. The allegations have been leaked by a section of staff who are unhappy with Kajwang's team and have been locked out of the looting spree.
As the anti-graft sleuths close in, the besieged CEO and his team are reportedly in a rush to stage-manage paperwork, fearing a raid on the institution at any moment. The college was established to provide affordable insurance education to Kenyans, but it appears that the institution has deviated from its core mission.
Those accused of being behind the looting are said to be enjoying the fruits of their labor, with investments and lavish spending habits that have raised eyebrows. The college's curriculum specialist, Joash Mwalo, chief executive Ben Kajwang, Chartered Institute for Securities & Investment Africa Adviser Christopher Morris, and CISI regional representative Kimacia Gitau are among those implicated in the scandal.
Published on August 17, 2019, by Weekly Citizen.
