Report by: Ripoff Admin Report ID: 104 3rd April 2018 Views: 166 Category: Insurance >> ;

Nestle Specialists Sacco: You have mismanaged finances for your members, please act asap!

I trust that you will give this matter the urgent attention it requires. 

Nestle Kenya has a sacco called Specialists Sacco which has been grossly mismanaged and has inconvenienced many of its loyal shareholders.  Due to poor mismanagement by Sacco officials (namely Mr Moses Aluko and Mr Kennedy Luvai among others), the Sacco now owes members millions of shillings that have been unpaid.  Meanwhile the rogue officials already left the sacco and are defaulting on paying even their own loans.  Other members left the Sacco and perhaps because of the impunity at the Sacco itself, have defaulted on repayments of their loans causing a lot of inconvenience to guarantors. 

Nestle is located at Industrial Area Pate Road, and with an office also at The Atrium, near Chaka Place in Hurlingham. 

The Sacco no longer even holds the required AGMs.  Current officials are inefficient and do not seem to care. 

Please assist to renew people's faith in Saccos, and also in the ability of SASRA to effectively regulate and bring corrupt administrators to justice. Thank you.

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