"mwalimu sacco" · 24 posts · 8 stories · 0 entities
Cnyakundi.com would like to make the public aware that there’s a possibility of MWALIMU SACCO TOWER collapsing. This is because there’s an adjacent excavation that is undergoing near the building for Pinnacle Tower. The National Construction Authority has been infirmed to investigate ad stop the construction but the
Spire Bank, buying this bank from crooked businessman Naushad Merali was a mistake. Mwalimu National Sacco (MNS) is having cash flow problems. The shell of a bank they purchased in the name of Spire isn’t helping things. MNS withdrew its money from the cooperative bank of Kenya and took it into Spire bank. Since th
Wellington Otiende, Board Chairman of Mwalimu National Sacco and TSC auditor Mwalimu National Sacco (MNS) is having cash flow problems. The shell of a bank they purchased in the name of Spire isn’t helping things. MNS withdrew its money from the cooperative bank of Kenya and took it into Spire bank. Since then, it ha
The Sacco Societies Regulatory Authority (SASRA) has suspended the CEO and Board Chairperson of Kenya’s largest Sacco, Mwalimu National Sacco, over alleged fraud. Suspended Fraudster: Wellington Anjawo Otiende According to Sasra, they are investigating fraud amounting to billions of shillings with some media houses rep
PHOTO CAPTION: Mwalimu Sacco Chairman Joel Gachari who appeared before the Parliamentary committee on Finance and National Planning The controversial multi-billion acquisition of troubled Spire Bank by Mwalimu Sacco is set to be investigated after questions emerged on whether they carried out due diligence during the r
Mwalimu Sacco Chairman Joel Gachari Mwalimu National Sacco, facing financial difficulties after the purchase of troubled Spire Bank, is now turning to the sale of its two 14-hectare parcels of land in Juja. The lender, which initially planned to build housing units on the land for sale to members and the public, will
Spire bank is majorly owned by Mwalimu National Sacco (75%) and Sameer Group (25 %.) The former Equitorial Bank, owned by Naushad Meralli was purchased by Mwalimu Sacco in a scheme meant to defraud teachers through Ex-CEO Robert Shibutse who has been a Meralli staff and mole. The shell Bank was purchased at kes 2.4Bill
Wellingtone Otiende, Board Chairman of Mwalimu National Sacco and TSC auditor Hi Nyakundi, This is to expose Mr. Wellington Otiende working as an auditor at Teachers Service Commission (TSC). He managed to be elected as a chairman to the board of management of Mwalimu Sacco. Out of the five members of the board, 4
Mwalimu Sacco Chairman Joel Gachari Mwalimu National Sacco, facing financial difficulties after the purchase of troubled Spire Bank, is now turning to the sale of its two 14-hectare parcels...
PHOTO CAPTION: Mwalimu Sacco Chairman Joel Gachari who appeared before the Parliamentary committee on Finance and National Planning The controversial multi-billion acquisition of troubled Sp...
...t published on 10 January 2022. Published on January 10, 2022, Mwalimu Sacco has taken a significant step to return Spire Bank to profitability by converting its deposits into share capital...
The Sacco Societies Regulatory Authority (SASRA) has suspended the CEO and Board Chairperson of Kenya’s largest Sacco, Mwalimu National Sacco, over alleged fraud. Suspended Fraudster: Wellin...
Wellington Otiende, Board Chairman of Mwalimu National Sacco and TSC auditor Mwalimu National Sacco (MNS) is having cash flow problems. The shell of a bank they purchased in the name of Spir...
...is bank from crooked businessman Naushad Merali was a mistake. Mwalimu National Sacco (MNS) is having cash flow problems. The shell of a bank they purchased in the name of Spire isn’t helpin...
...t implementing various measures to reduce its spread. At Gusii Mwalimu Sacco, a large number of teachers had gathered at the branch, waiting for their dividends on long cues, despite governm...
...ld like to make the public aware that there’s a possibility of MWALIMU SACCO TOWER collapsing. This is because there’s an adjacent excavation that is undergoing near the building for Pinnacl...
Kenya’s savings and credit cooperatives (SACCOs) remain one of the most trusted ways to save money, access credit, and grow wealth at grassroots levels. As the SACCO movement grows, regulati...
...as Equatorial Commercial Bank, has been a financial burden for Mwalimu National Sacco since its acquisition in 2015. On September 30, 2021, the Sacco's delegates will meet to discuss a propo...
...2021. August 18, 2021, marked a significant development in the Sacco Societies Regulatory Authority (Sasra) CEO recruitment exercise, which has since been marred by allegations of bribery an...
...utse, CEO at Real People Hello Cyprian The current woes facing Mwalimu National Sacco can be summed up in three words: Robert Lukhanda Shibutse. Dr Shibutse (Phd) was part of the management...
...ender. Spire Bank, which was sold to Kenyan teachers under the Mwalimu Sacco in 2015, has been struggling to stay afloat. The bank's capital crisis persists despite efforts to find a strateg...
...oup. Merali sold Equatorial Commercial Bank (now Spire Bank to Mwalimu National Sacco for Sh2.6 billion a 75 per cent stake. In December 2020, Mwalimu National Sacco (MNS) fully acquired Spi...
...of a controversy surrounding the acquisition of Spire Bank by Mwalimu National Sacco in 2016. According to reports, top shareholders withdrew billions of shillings from Spire Bank immediate...
Wellingtone Otiende, Board Chairman of Mwalimu National Sacco and TSC auditor Hi Nyakundi, This is to expose Mr. Wellington Otiende working as an auditor at Teachers Service Commission (TSC)...
...eft unattended. Engineers expressed concerns that the adjacent Mwalimu Sacco building might collapse because of this. The National Construction Authority has been informed to investigate and...
...illion respectively. Alphonse Kaio, Chief executive officer of Mwalimu Sacco, plans to use the expo to market their subsidiary's Mwalimu Park Kisaju. The prices for the apartments range from...
...of Defence Savings and Credit Co-operative Society Limited (Desacco), a new savings and credit cooperative society. The Sacco, launched with the blessing of Chief of Defence Forces General...
...nd underperforming KCC factories across the country. He also opened Nachu Plaza and Mwalimu Towers, which are owned by the National Cooperatives Housing Union and Mwalimu Sacco respectively.
Spire bank is majorly owned by Mwalimu National Sacco (75%) and Sameer Group (25 %.) The former Equitorial Bank, owned by Naushad Meralli was purchased by Mwalimu Sacco in a scheme meant to...
...rative Development Following our appeal for information on the Sacco Societies Regulatory Authority (SASRA) management, we’ve received the first batch of information. We asked if anyone has...
...top management of Savings and Credit Co-operative Societies ( Saccos). The Mou will see EACC conduct lifestyle audits and recover assets and funds that have been looted from Saccos. “The Mo...
...dicate that Kenya’s Savings and Credit Co-operative Societies (SACCO) have a value of Kshs. 1 trillion shillings. In the past one year, we have been treated to news of SACCOs defrauding clie...
