Youth Enterprise Fund CEO Catherine Namuye suspended over fraud and corruption claims
2nd November, 2015
Fraud and corruption allegations are emerging from the Youth Enterprise Fund, with the board cracking down on management over loss of funds. At the center of the investigations is the unapproved transfer of 180 million shillings from the youth fund without proper authorization. This has left the youth fund CEO Catherine Namuye and finance manager Benedict Atavachi with much to answer for as to how the money was moved without approvals. The two have been suspended as the board led by Chairman Bruce Odhiambo initiate investigations into the scandal.