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May 19, 2025
2mo ago

Embattled SACCO to Auction Members' Properties

Embattled SACCO to Auction Members' Properties

The Sacco is embroiled in a Ksh12 billion financial irregularity...

✨ Key Highlights

The Kenya Union of Savings and Credit Co-operatives (KUSCCO) will auction off 50 properties nationwide, with sales occurring on June 5, 10, and 13 this year, amid financial disputes revealing losses of Ksh12 billion.

  • Properties include residential, commercial, and undeveloped land across several counties.
  • Auction conducted by Watts Auctions on behalf of KUSCCO.
  • Notable locations for auctioned properties include Nairobi, Kajiado, and coastal areas such as Mombasa.

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Embattled SACCO to Auction Members' Properties