Kinatwa Sacco faces inquiry into debts, assets and management

Nairobi, Kenya - The government has initiated an inquiry into Kinatwa Sacco Society Limited, aiming to assess the cooperative's financial health, outstanding debts, and management practices. The Commissioner for Co-operative Development issued Gazette Notice No. 17125, authorizing an investigation into the society's bylaws, financial and operational conditions, management committee, and assets in relation to its liabilities.

Assistant Commissioner Patrick Mutiiria and Senior Co-operative Auditor John Kariuki Kinyanjui have been appointed to oversee the inquiry, which must be completed within 21 days. The investigation, governed by Sections 58 and 73 of the Co-operative Societies Act, will determine the society's financial standing, outstanding obligations, and the value of its assets compared to its liabilities.

Additionally, it will scrutinize decisions made by the management committee and the administration of the society's operations. All officers and members of Kinatwa Sacco are required to comply with the provisions of the law governing cooperative inquiries.