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Regulator begins recovery of missing Sh550m at Afya Sacco

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Sasra Chief Executive Peter Njuguna seeks to streamline Afya Sacco Society Ltd. [File, Standard]

The regulator has moved to recover part of more than Sh500 million, said to have been misappropriated by the management of Afya Sacco Society Ltd.

The money was siphoned through excess allowances associated with Sacco activities, either through cash or cheques, with some of the transactions not featuring in its records.

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