Hustler Fund: Making These 4 Offences Could Land You In Jail
The funds will be launched by President William Ruto on December 1, 2022
Marvin Chege 
The National Treasury published drafted regulations for the operationalisation of the highly anticipated Ksh50 billion Hustler Fund for public participation.
In the regulation published on Friday, November 11, the Treasury warned Kenyans against committing four offences that would risk them paying fines of up to Ksh10 million or serving a jail term of five years.
Among the offences include providing falsified information when applying for the fund which will draw penalties.
Treasury CS Njuguna Ndung'u during a past press address. /FILE
Others include misappropriation of the funds and its assets in what will be officially called the Financial Inclusion Fund.
"A person as having an official duty or being employed in, or in connection with the administration of these Regulations, fails to deal with all documents, information, returns and forms relating to applications for loans or to the granting of loans under these regulations as secret and confidential also commits an offence," read the proposed regulations.
As the Fund will have top-secret ways of managing it, revealing private information in any manner will attract similar fines.
"A person having possession of, or control over, or access to, any documents, information, returns or forms and communicates anything contained therein to anyone other than a person to whom he is authorized by the Board to communicate it or.
"Otherwise than for the purposes of these regulations, commits an offence and shall be liable to a fine not exceeding Ksh10 million or a term of imprisonment not exceeding five years, or to both," read the regulations in part.
The president's campaign promises sought to bring about a new economic order that would deal squarely with unemployment and lack of opportunities for the youth.
