Housing Finance CEO Robert Kibaara
More allegations of a toxic work environment and corrupt practices have surfaced within the Housing Finance Group.
Another former employee, who wishes to remain anonymous, has come forward with a list of grievances against the company, claiming that management has refused to address these issues, instead using intimidation and threats to silence those who speak out.
According to the source, the sales department, located on the 11th floor of the HFC headquarters, is plagued by harassment from superiors, unprofessionalism, and the use of a sales dashboard to intimidate and threaten employees.
“If they want you out or to frustrate you, they refuse feeding your sales on the dashboard with lame excuses like ‘where is the customer journey and stuff’,” said the source.
The source also alleges that the Director of Housing Finance Development and Investment Limited (FDI) Joseph Kamau is involved in multiple sexual relationships with female employees and channels sales to these women in exchange for a share of the commissions.
Joseph Kamau, the Executive Director HFDI at HF Group
This is not only unprofessional but also a violation of the company’s code of conduct.
The source also claims that promotions within the company are not based on performance but fueled by nepotism, with many employees being overlooked for promotions despite their qualifications, hard work and dedication.
The source claims that the HR department is ineffective in addressing these issues, with many employees feeling that they have no one to turn to for help.
The Telesales department is particularly rife with issues.
The bosses identified as “Tonny, Eileen Ndegwa, Olive Mburu, and the team leader Beldine Otieno” are said to be running the department as if it were their personal property.
This has resulted in a high attrition rate, with many employees leaving the department on a daily basis.
According to the source, the situation at HFC is dire and the management has failed to address the issues at hand.
In his submission to this blog’s Chief Editor Cyprian Nyakundi, he offered to provide contacts and information from other employees within the company to support his allegations.
This information will be included in our next publication concerning the bank.
The source also expresses disappointment in the current state of the company and the negative impact it has on the employees.
“It is important for the management to take immediate action to address these issues in order to improve the working environment for all employees and maintain the integrity of the institution,” he lamented.
This latest revelation comes days after we covered yet another similar testimony from a former employee who was unfairly dismissed from the bank.
He alleged that his dismissal was due to a falling out with (FDI) Director Joseph Kamau, who is described as a bully and an oppressor of his juniors.
The source revealed a culture of corruption and misappropriation of funds, with senior managers at the helm of it all.
“It was like a cancer spreading through the company,” said the insider.
“And it’s not just financial corruption, there are even allegations of sexual harassment among the female staff at the headquarters, but many were too afraid to speak out.”
The CEO, Robert Kibaara, in particular, has been criticized for not taking action to improve the situation within the company and for being indecisive.
This is a worrying trend that raises serious questions about the operations of the institution.
The financial sector is a sensitive area that impacts the lives of many individuals and businesses, and it is essential that institutions operate with the highest level of professionalism and integrity.
Failure to address these allegations could not only tarnish the reputation of the Housing Finance Group but also undermine public trust in the financial sector as a whole.
The public and shareholders have a right to know the truth about the operations of the institution, and it is the responsibility of the management to ensure transparency and accountability in their actions.
It is also imperative that relevant authorities, such as the financial regulator, take a closer look at the matter.
Despite endless similar cases against Housing Finance, they have remained silent.
It raises serious questions of whether they have been “pocketed” to stay quiet, and if so, it is a gross violation of the public trust.
This blog will keep a close eye on this story and will continue to investigate and report on the situation at Housing Finance.
It is important that these allegations are not brushed under the rug and that the necessary action is taken to hold those responsible accountable.
We cannot stand by and watch as those in power mistreat and exploit workers.
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