KUSCCO’s liquidation challenged in High Court
In her ruling, Lady Justice Rhoda Rutto certified as urgent the matter filed by RUPSA NWDT Sacco Society Limited against KUSCCO and directed the petitioners to serve the respondents, liquidators and any other person likely to be affected by the order today.
Nairobi, Kenya - A High Court in Kenya has received a petition challenging the liquidation of the Kenya Union of Savings and Credit Co-operative Union Limited (KUSCCO) following its recent gazettement. Lady Justice Rhoda Rutto granted the petitioners, RUPSA NWDT Sacco Society Limited, an urgent hearing and directed all involved parties to respond promptly.
The liquidation was announced on Monday by the Commissioner for Co-operative Development, David K. Obonyo, following the union's financial losses attributed to internal mismanagement. An audit by PwC revealed a potential loss of Sh12 billion to Sh13.3 billion due to ghost loans, falsified commissions, and executive mismanagement.
This prompted various SACCOs to write off significant sums invested in KUSCCO, including Stima DT SACCO, Balozi SACCO, and Afa SACCO. The case will be heard on September 8, 2026, with further directions from the court.
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