Nzoia sugar company loses 228 bags of sugar to fraudsters

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2032

The business company identified as Uni limited paid Sh916,001 but it never reflected in the bank account.

Ethics and Anti Corruption Commission (EACC) officers have pitched camp at Nzoia sugar company to investigate the alleged theft of 228 bags of sugar.

Reports indicate that the firm sold the commodity to a nonexistent business man who packed it and disappeared without making any payment.
The business company identified as Uni limited paid Sh916,001 but it never reflected in the bank account.
But inside information indicate that the deal might be an inside job implicating the top management with claims that it is not the first consignment to get lost.

EACC sleuths are now interrogating the Managing director, finance manager, marketing manager and the board members over the disappearance of the huge consignment.
Police are also pursuing some bank officials and a Nairobi businessman who allegedly colluded to con the firm.
Bungoma South DCI Yusuf Nzioka stated that the trader paid cash for the commodity to the company through a bank but the money was later reversed.
“The company released the 228 bags to the businessman but it was surprised to learn that the money had not reflected in the its bank account,” said Nzioka

A Bungoma based human right activist Jack Munialo says that Nzoia sugar company is yet to pay farmers and employees huge sums of monies.
“I want the top management at the firm be investigated for selling sugar and pretending that it got lost, the cartel should be crushed, contracted farmers are suffering while employees are yet to receive their salary, how would a big company like Nzoia sell sugar in such a careless manner?,” he posed.
However, the firm’s MD CPA Michael Wanjala Makokha said that there are issues that are being handled and those culpable will be dealt with accordingly.
“The issue is in public domain, the DCI is investigating it, as the MD am responsible for anything taking place in the company and those responsible people are also human beings, investigations will reveal everything let’s maintain calmness during the process,” said Makokha.

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