Village banking admin jailed

Shamoba
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A vilage banking group administrator has been sentenced to one year imprisonment for falsely obtaining over K500,000, which she had borrowed from members of the informal financial co-operative.
Apart from serving the 12 months jail term, Naomi Kwenye, a 35-year-old valuation surveyor at Lusaka City Council, has been ordered to pay back the money to the owners.
When jailing the weeping convict on Friday, Lusaka resident magistrate Crispin Hampungani said Kwenye, of Chelstone, betrayed the trust of village group banking members.
The court heard that when the members demanded for the money, the accused claimed that she had invested it in another scheme with Josvic Investments, but that she was allegedly scammed.
The accused, who was charged with theft, is said to have borrowed money using another member’s details and failed to pay back.
-Zambia Daily Mail

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