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Corrupt Deputy Commissioner for Co-operative Development Hesborn Mbuthia Kiura Linked to Massive Fraud 

Hesborn Mbuthia Kiura

Corrupt Deputy Commissioner For Co-Operative Development Hesborn Mbuthia Kiura

Reports have emerged that Mr. Hesborn Mbuthia Kiura, an Assistant Commissioner for Co-operative Development and also the duly appointed and gazetted liquidator of Dagoretti Nyakinyua Savings And Credit Co-Operative Society Limited, has been running a well-organized criminal enterprise together with a few appointed agents to defraud and disenfranchise the long-suffering members of various Saccos.

Mr Hesborn Mbuthia Kiura in his capacity as the liquidator of Dagoretti Nyakinyua Savings And Credit Co-Operative Society Limited has possession and full control of all the assets of Dagoretti Nyakinyua Savings And Credit Co-Operative Society Limited, which includes huge tracts of land in Naivasha, Gilgil and Nakuru, control that he has abused and continues to abuse by engaging in fraud and corruption.

According to disgruntled members, this criminal enterprise began in the year 2020 after The Acting Commissioner for Co-operative Development extended Mr Hesbon Mbuthia Kiura’s tenure as the liquidator of Dagoretti Nyakinyua Savings and Credit Co-operative Society Limited.

Mr Kiura who had reached the age retirement was reappointed under mysterious circumstances as the liquidator of Dagoretti Nyakinyua Savings And Credit Co-Operative Society Limited after his first term as liquidator came to an end.

Consequently, a plot was hatched by Mr. Kiura and his associates and in particular his partner in crime, Mr Jimmy Kagoni, who is the immediate former CEO of Ekeza Sacco to defraud and enrich themselves by selling of 500 acres of the Saccos land.

Mr Kiura subdivided the 500 acres of land into 5-acre blocks and then purported to appoint a liquidation committee to sell the 500 acres to the same committee comprising his own close associates.

This liquidation committee, in collision with Mr.Kiura and Mr Jimmy Kagoni, purported to appoint certain companies to act as sales agents in the sale of this 500 acres of land.

The companies appointed as sales agents include: Stockbridge – owned by Mr Jimmy Kagoni, Faraja Settlers Limited, Hennel, Longonot, Gakuyo Real Estate Limited.

These companies in collusion with Mr Kiura have been actively advertising in various broadcast media platforms and selling of the 5 acre blocks at double the value of the land and not only giving themselves hefty kickbacks and commissions which are shared with Mr. Kiura but also appropriating and sharing out half of the sale price among themselves.

This daylight fraud is happening every day to the detriment of the members of Dagoretti Nyakinyua Savings and Credit Co-operative Society Limited.

Its members recently wrote to the Directorate of Criminal Investigations (DCI) requesting investigations into the matter.

In their letter dated 28th November 2022, they requested the sleuths along Kiambu Road to focus their investigations on liquidation accounts, sale agreements of the various parcels of land already sold or in the process of being sold, contracts with the sale agents and all expenses paid.

“Mr. Hesborn Mbuthia Kiura in his position as a public officer and entrusted with the assets of the people of Kenya has with impunity breached and continues to breach various laws including the constitution of Kenya, the Sacco Societies Act, and the penal code aided by Mr Jimmy Kagoni and various associates,” it reads in part.

In addition, they have also requested investigations into the operations of Promitto Sacco Limited which in essence is Ekeza Sacco Limited and which is now fully owned by the same Jimmy Kagoni.

Mr. Jimmy Kagoni who was appointed as the CEO of the now infamous Ekeza Sacco
in September 2020, resigned in September 2022 after changing the name of Ekeza Sacco to Promitto Sacco as his personal property and even taking over and rebranding the offices of Ekeza Sacco at Pension Towers, Mezzanine Floor, Loita Street.

“How a CEO appointment by the government to help in recovery of a collapsed Sacco steals the same Sacco from its members, changes the nature and the name of the Sacco and makes it his personal property is not just criminal but impunity of the highest order,” the letter adds.

It has been established that Promitto is operating fraudulently and with the participation and full knowledge of the same Mr Hezborn Mbuthia Kiura who is a beneficial owner of this fraudulent

Mr Hezborn Kiura and Jimmy Kagoni have been investing the money they defraud from Dagoretti Nyakinyua Savings and Credit Co-operative Society Limited in their new private entity Promitto Sacco, which in reality is Ekeza Sacco.

This is after they changed the name and nature of the Sacco without the knowledge of members, some of whom have never recovered their money to date.

“This is a conspiracy between two people entrusted to manage the assets and money of hundreds of thousands of good and hardworking people of Kenya and instead Mr. Kiura and Mr. Kagoni decided to conspire and defraud Kenyans to enrich themselves and their families,” the letter concludes.

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