Members of the Senate’s Trade, Industrialization and Tourism Committee have advocated for the formation of a special commission to investigate the activities of digital lender, Watu Credit, across the country.
This follows numerous complaints by Kenyan borrowers who utilize the lender’s loan facilities to acquire motorcycles, only to find that just before they complete loan repayments, the bikes vanish under mysterious circumstances.
While endorsing the formation of the committee to probe Watu Credit, Senators wondered why the motorcycles are only stolen when customers are about to clear their loan repayment installments.
The Senators also demanded that Inspector General of Police Japheth Koome avail himself before the trade committee to shed more light on the disappearances of the motorcycles.