Following the combined statement by the top three banks in Kenya KCB, NCBA, and Safaricom to waive the interest on Fuliza by 50%, prominent city-based constitutional lawyer Wahome Thuku has pointed the finger at President William Ruto.
Mr. Thuku claims that the action aims to progressively eliminate the Fuliza service, which enables Safaricom customers to make purchases and make payments after using up their M-PESA balance.
He claimed that since since signing up for Fuliza services, he has taken advantage of the service whenever his MPESA balance runs out.
"For individuals who live abroad, Fuliza is a service provided by Safaricom that gives you access to additional resources that you can only use to make bill payments not withdrawals after using up all of your Mpesa amount.
However, he also claimed that Ruto might be planning to replace Fuliza with Hustler Funds, the famous economic driving plan of Kenya Kwanza for unemployed and low-income earners across the country.
"Let me be brutally truthful, it was not meant for what you describe as Hustlers. You introduce Hustler mentality in its wish manner. Fula was good when it lasted. We are now headed to its end" reiterated Wahome Thuku.
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