COURT SUSPENDS HUSTLER FUND BOARD AS PRESIDENT DR. RUTO SET TO INCREASE CREDIT LIMIT

Linda Ugatuzi organization President Prof. Fred Ogolla, he successfully stopped the newly appointed hustler fund board from operating. PHOTO/ CHRIS OJOW

Kenyan President Dr. Ruto hinted that he intends to increase hustler fund credit limit soon. PHOTO/ CORRESPONDENT

Linda Ugatuzi organization President Prof. Fred Ogolla (left) addressing members of the fourth estate within Nairobi County on Friday 03rd February 2023. PHOTO/ CHRIS OJOW

COURT SUSPENDS HUSTLER FUND BOARD AS PRESIDENT DR. RUTO SET TO INCREASE CREDIT LIMIT

By Chris Ojow

A big win and sign of relief to

Linda Ugatuzi organization President

Prof. Fred Ogolla after the high court

granted his prayers of stopping the

activities of hustler fund newly

appointed board members.

The High Court has issued a conservatory

orders stopping the newly appointed

hustler board members from operating or

being sworn in office until a ruling is

delivered.

As the Country President the initiator

of hustler fund during a function within

the Capital City informed the country

that he will soon increase the hustler

credit limit.

In the orders issued by the High Court,

the newly appointed hustler fund board

members stand suspended, the board has

been restrained from assigning

themselves any duties, the assumption of

the office by the board also suspended

and the court also stopped the intended

swearing inn of the board members until

the matter before it is heard and a

ruling is delivered.

The President while speaking during the

50th anniversary celebrations of the

Kenya Police Sacco within Nairobi County

,made the announcement before the High

Court issued the said orders.

Linda Ugatuzi filed the application

before High Court in early December

year 2022 seeking orders to stop the

newly appointed hustler board members

from executing their duties.

In their application before court they

argued that the said board was formed

after the project was officially

launched which was a breach of the

law.

” Regulations act 14 (1) was breached,

as Kenyans are yet to be told which

bank authorizes such savings and how it

was arrived at” Prof. Ogolla stressed in

the application.

Linda Ugatuzi organization President

informed Lady Justice Monica Mbaru that

the President chief patron of the

project has no physical office nor

entity.

Prof. Fred Ogolla failed to understand

why innocent Kenyans applying for loans

were being asked for their personal

details, like the pin number.

The applicant in several of their

prayers stressed that the Country

National Assembly failed to approve the

ruling party coalition Kenya Kwanza

hustler fund project rendering it

illegal.

“The hustler fund must be created

through the act of Parliament and must

be enshrined in the Country National

budget” Prof. Ogolla said.

The applicants urged innocent creditors

to continue applying for hustler fund

loans and they should not be in a hurry

to pay the loan until the matter before

high court is heard and determined.

( Chris Ojow is Award winning Photojournalist and Founder African Times News Media website www.africantimes.co.ke
0724 656913-WhatsApp
onyangoojow@gmail.com )

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