Traders from Uasin Gishu and Nandi county storm Eldoret Central police!
The angry traders stormed the director’s office located within the Central business area forcing him to flee for his life-
A section of Chembe Merchants Limited clients stormed Eldoret Central Police demanding the arrest of society's Director
A section of traders from Uasin Gishu and Nandi County crammed the Eldoret Central police station in Uasin Gishu demanding the arrest of Chembe Merchant Limited director for failing to remit their savings.
The angry traders stormed the director’s office located within the Central business area forcing him to flee for his life.
“It’s abstruse why we can’t get our savings nor get loans from this company ,every time we ask for our money back they continuously give us contradicting dates of when to get our monies ,we just want our monies back”Said Leah Cheruto Tuikong.
Leah notes she was convinced by a certain teacher to save with the company with the hopes of getting a loan six times her savings ,and she began saving with them on 30th January however efforts to get a loan nor her personal savings in order to pay her child’s school fees have been futile.
They came to us at Tebeson Village in Mosoriot Nandi County, Used our daughters to convince us to join the Chembe Merchant Limited, many have saved with the company some as little as Sh 300,000 we are worried that we could have lost our monies with this organization Said one of the residents from Nandi county.
Police officers from Central Police managed to rescue the director from the traders who were baying for his blood.
The Officer commanding the central police station however managed to calm them down asking them to eschew violence and instead write statements that will help the police with the investigations.
Two weeks ago a section of traders also presented themselves at the Central police station bearing similar concerns against Ushindi bora Sacco located next to the Eldoret main stage .
Puny regulations from the SACCO Societies Regulatory Authority charged with licensing Deposit‑Taking Sacco Societies have been blamed for the increased cases of such Societies taking advantage of gullible Kenyans.
Hubzmedia has since established many of these societies have not been licensed to operate.
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