What do you believe is the single most important factor driving up the cost of living in Nigeria?

The Kenya Police Sacco headquarters in Nairobi. [Courtesy]

The Kenya Police Sacco, one of the largest savings and credit cooperatives in the country, is facing growing discontent among its members, who are demanding the resignation of the organization's top officials over allegations of mismanagement.

A section of the members have expressed a loss of faith in the Board of Directors (BOD) and the Chief Executive Officer, and are calling for their removal or forced resignation in a petition seen by The Standard.

They are also demanding a series of forensic audits, including an examination of the acquisition of the mobile banking system known as M-TAWI, Sacco's current financial status, the lifestyle of the BOD and senior managers, as well as a review of all Corporate Social Responsibility (CSR) programs.

In response to the member's concerns, the Sacco's management has dismissed the allegations as "untrue, baseless and not reflective of the principles that guide our operations." The CEO, Solomon Angutsa, in an interview with The Standard, denied that there were problems with the M-TAWI platform, stating that there was only a temporary service outage that has since been addressed.

• Read More