IGP Ochola salutes the board as Police Exodus Sacco reserve funds develop to shs20.7bn
The Inspector General of Police, John Martins Okoth Ochola has hailed the new administration of the Police Exodus Sacco for accomplishing an incredible work in resuscitating the sacco.
In December 2019, Senior Commissioner of Police Wilson Omoding was chosen as the new administrator for the Police Exodus Sacco and he was entrusted with resuscitating the wonder which had been lost over bungle of the SACCO.
Talking at the conclusion of the Annual General Meeting, Ochola communicated joy at the manner in which the SACCO is right now being run, taking note of that there are noticeable changes.
“I’m glad to see that a lot of changes are being executed and managerial difficulties have luckily been tended to inside this brief time frame. There is trust that Exodus Sacco is going to bear its expected natural products. I compliment the current board and panel individuals for breathing another life into the sacco,”Ochola said.
The police boss noticed that while previously, the sacco was equivalent to fumble of assets, absence of clients care and other regulatory difficulties, the new administration has pivoted the tasks of the Exodus Sacco .
Execution
As indicated by Senior Commissioner of Police Wilson Omoding, the Exodus Police sacco has seen its liquidity develop from shs93 million out of 2019 to over shs200 million out of 2020.
He added that the bank balance has additionally developed from shs277 million out of 2019 to shs3.05billion as at December 2020 with shs6.5 billion in fixed stores.
“Individuals’ all out investment funds stores expanded from shs18.9 billion in December 2019 to shs20.7 billion by December,31, 2020 mirroring a 10% growth,”Omoding said.
