Kenya Power has revealed the losses it suffered because of the fraudulent sale of tokens to customers.
The company has now said that it lost over Sh35 million in power tokens irregularly between January 2018 and February 2019.
The firm has since barred third parties from selling tokens to customers across the country.
Electricity users are now required to purchase tokens directly from the firm following the ban.
Speaking during a brief to the Senate, KPLC AG Jared Othieno on Wednesday said that the firm has now put in place measures to ensure that there is no loss of funds through the fraudulent sale of the tokens.
He said that third parties had taken advantage of the loopholes in the firm to rob it millions.
He said that a team has been constituted to handle the situation.
“The 23 staff involved have already faced disciplinary action and action taken against them as per the company’s procedures and regulations…,” said Othieno, as quoted by Citizen Digital.
Othieno tokens worth Ksh.35, 280, 567 were purchased by over 2500 Kenyans within the said period but the cash is nowhere.
He said that the tokens were sent to the clients through unauthorized channels, which made the firm to lose a lot of money at the end of the day.