The Special Funds Accounts Committee directed the Financial Inclusion Fund (Hustler Fund) to produce a long-overdue report after a year-long lapse.

On November 18, 2025, the Committee led by Migori MP Fatuma Zainab suspended a scheduled session following the reports that the Fund’s management failed to respond to 21 audit queries for the 2022/2023 financial year for over a year.

The Committee also noted that despite giving the Fund management adequate time, they had not furnished documents required for the auditor’s review.

“What we have witnessed today is a mockery of this Committee,” the Chairperson said, directing the newly appointed CEO, Henry Tanui, to return with all outstanding documents within seven days. “We will not accept excuses. Kenyans deserve clarity.”

Documents Missed During the Session

Critical records, which include the list of beneficiaries and the status of funds not yet in circulation, were not presented, which created outrage from the members of the committee.

Lawmakers also added that failure to disclose such crucial information raises doubts about how the funds were managed.

In response to these allegations, the CEO emphasized that “no money has been lost,” and also confirmed that the Fund had received Ksh 14 billion from the Exchequer with only Ksh 1.4 billion currently in circulation.

The Committee said the unrecovered loans still amount to lost money in the presence of taxpayers.

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CEO Issues Update on Recovery Strategy

However, Charles Nguna further questioned the status of beneficiaries.

The CEO argued that the recovery strategy is underway, stating that loans are tied to national Identification (ID) numbers, and the fund will provide the relevant records.

According to the Vice-Chairperson, Rahim Dawood, some money may have been disbursed to fictitious accounts as the Committee has sought these documents for almost a year.

“The PS is hiding behind your office,” Rahim added.

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What the Committee Suggested

Members suggested the possibility of recommending a special audit to handle the matter due to unanswered questions on whether the remaining funds are still in the Fund’s account.

Additionally, why have the supporting documents not been provided on several occasions?

“This is the last chance,” Fatuma said.

“We must account to the people. We need proper details of who got what money and what has happened since.”

Members reaffirmed their commitment to review the documentation and provide clarity on how public funds were distributed.

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A section of members during the session at Parliament Buildings to discuss questions involving Hustler Fund. PHOTO/PK FB