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ODM Mps Rubbishes The Launch Of Hustler Funds, Terms It Pyramid Scheme As They Question Funds Source

Members of the Azimio la Umoja one Kenya Coalition have referred to the recently established Huster Fund as a "pyramid scheme" intended to displace Fuliza, banks, and other small lenders.

Embakasi East representative Babau Owino, David Mwenje, and MP Anthony Oluoch from the Mathare Constituency have all questioned the legitimacy and source of the monies, among other reasons.

Oluoch criticized the method the administration of President William Ruto ployed to establish the fund. Oluoch claims that the Kenya Kwanza government cheated Parliament into touch on December 1.

Government regulations are being used to create a KES 50 billion fund, which is disrespectful to the function of parliament. He declared, "This is a sham and not what they promised the Kenyan people.

Oluoch continued to raise concerns about the funding, speculating that it might come from the Constituency Development Fund of the National Government (NG-CDF).

Where are they getting this KES 50B, he questioned. We have a suspicion that funds intended for CDF are diverted to the hustler fund.

Babu Owino, a member of parliament for Embakasi East, was unconvinced by the terms of the loans and questioned why Kenyans were required to repay whatever money they borrowed.

Content created and supplied by: Domytobok1 (via Opera News )

Anthony Oluoch David Mwenje Kenya Coalition Kenya Kwanza Oluoch


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