Seven officials of the Youth Enterprise Development Fund (YEDF) have been suspended to pave way for investigations following questionable payments of over Ksh.10 million to four youth groups.
The said officers are to answer to queries on how the Youth Fund wired Ksh.10 million shillings to four youth groups, transactions red-flagged in an internal audit for the 2016/2017 financial year
The officers, who were suspended in March, include Mercy Cheruiyot who was adversely mentioned in the internal audit report for allegedly dishing out the cash unprocedurally.
Others include the Acting Head of Finance, Lending and Investment manager and Credit Officers from Kajiado North, Makadara and Bomet Central constituencies.
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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