Muturi Calls for Independent Audit of Hustler Fund Over Management Concerns

Akoth
0
Former Attorney General Justin Muturi has called for an immediate independent forensic audit of the Hustler Fund following concerns raised by the Auditor-General over the management of the scheme.

Muturi made the remarks on Saturday, April 25, 2026, while addressing traders at Kongowea Market in Mombasa. 

He reminded the crowd that he had stood at the same market in 2022 alongside Kenya Kwanza leaders and assured traders that the fund would support the growth of small businesses.

He said many Kenyans believed in that promise, but recent audit findings have raised serious concerns about how the fund has been managed.

According to Muturi, the issues highlighted require urgent and transparent scrutiny to restore public confidence.

“When we came here to Kongowea Market in 2022, standing with Kenya Kwanza, we spoke with conviction and hope,” Muturi said.

He noted that the Hustler Fund was introduced as a key initiative aimed at improving access to affordable credit for small-scale traders and informal sector workers.

At the time, it was presented as a solution to long-standing challenges faced by entrepreneurs who often struggle to secure loans from conventional financial institutions.

Muturi, however, said the latest revelations risk undermining the credibility of the programme.

He emphasised the need for accountability, stating that a forensic audit would help establish how the funds have been utilised and whether there has been any misuse.

Addressing traders at the busy market, Muturi said transparency is essential in ensuring that public programmes deliver on their intended objectives.

He urged the relevant authorities to act swiftly and commission an independent review to address the concerns raised by the Auditor-General.

The former Attorney General also reflected on the expectations that surrounded the fund at its launch, noting that it was widely welcomed by traders and small business owners seeking financial relief and growth opportunities.

He said those expectations must be protected through proper oversight and management.

Muturi further argued that addressing the concerns openly would not only restore trust but also strengthen the programme if corrective measures are taken where necessary.

He maintained that accountability is a critical component of any public initiative, particularly one that directly impacts livelihoods.

Tags

Post a Comment

0 Comments

Post a Comment (0)

#buttons=(Ok, Go it!) #days=(20)

Our website uses cookies to enhance your experience. Check Out
Ok, Go it!
To Top