Uwezo Fund CEO Trashes Reports of Corruption
By Martin Masinde
The Chief Executive Officer of Uwezo Fund Peter Lengapani has come out guns blazing to trash Auditor Generals report that cited that 4bn has been lost to graft. He said those spreading the lies are enemies of development and are just out there to taint the good image of the fund.
In an exclusive interview with The Times, the CEO on the contrary trashed the reports as unsubstantiated and highly erroneous.
“What the Auditor General gave was a qualified opinion and that does not prove that any money was indeed lost. This fund has structures and is supported by the legal framework so the kind of money they said is lost is not possible…which money? How was it lost?
He questioned.
The outspoken and best performing CEO also cited major achievements the fund has been able to achieve through changing lives of more than 20,000 youth groups across the country. This fund is issued without any interest and no collateral required.
Through this fund the youths have been able to improve their credit rating and this has made it easy for them to access credited at a bank.
“The fund is well policed. What we do as a board is just oversight to make sure it reached the intended groups and does the functions it was meant to do. We also take our time to train the youth groups on the best way possible to utilise the fund for development and prosperity.
He continued to underscore the needed for factual presentation of figures to avoid misleading Kenyans at a time the fund has been a game changer in the country
“Despite us having some few teething problems, let me acknowledge that the fund has been a game changer in many aspects and majority of our youths can attest to this,” Peter concluded.
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