Government dismisses claims of plan to use SACCO savings

The government has sought to reassure Kenyans over the safety of their SACCO savings, dismissing claims that members' deposits will be used to finance the National Infrastructure Fund (NIF). Officials insist no savings will be seized, diverted or used to fund public projects. The assurance comes amid growing concern over reports suggesting that more than Sh1 trillion held by SACCOs could be tapped for infrastructure development, raising fears among members over the safety of their savings.