Senators have raised alarm over fraudulent schemes in which bank security systems are reportedly breached, leading to the theft of pension funds belonging to thousands of retirees.
Speaking on the floor of the Senate on Thursday afternoon, Migori Senator Eddy Oketch moved a statement urging swift action from fiscal authorities, investigative agencies, and the House Finance Committee to investigate emerging fraud cases that have left retired government workers penniless after losing their entire life savings.
Oketch further informed the house of a citizen whose case had reached him, who reportedly lost over Ksh2 million from one of the local banks.
According to the Senator, the retired teacher, Violet Akoth Nyatol, recently lost Ksh2.498 million as part of the scheme that has sent shockwaves to thousands of retirees and their beneficiaries. A undated photo of Migori Senator Eddy Oketch at a past function.
