Home Education Ole Lenku appointed Saccos Authority chairman

Ole Lenku appointed Saccos Authority chairman


Former Interior Cabinet Secretary Joseph Ole Lenku has been appointed as the Chairperson of Sacco Societies Regulatory Authority.
The appointment was made on Friday by Industrialization CS Adan Mohammed.
Lenku, who served as Interior CS from 2013 to 2014, was fired following public outcry over increased insecurity, including a terror attack on a bus and quarry, which claimed the lives of 64 people.
The former Utalii Hotel manager was replaced by the current Interior CS Joseph Nkaissery.
The Sacco Societies Regulatory Authority (SASRA) is a statutory state corporation established under the Sacco Societies Act (Cap 490B) of the Laws of Kenya.
The principal mandate of the Authority is to license Sacco Societies to undertake deposit-taking Sacco business in Kenya, and to supervise and regulate such Sacco Societies among other things.

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