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Originally published by Capital Businessbusiness
September 30, 2025
3h ago
End of an era for Moi University Sacco as liquidators picked
NAIROBI, Kenya, Sept 30 - Moi University Savings and Credit Society (MUSCO) has been placed under liquidation, with two officials appointed to oversee the Kenya breaking news | Kenya news today |..
✨ Key Highlights
The Moi University Savings and Credit Society (MUSCO) has been placed under liquidation, with joint liquidators appointed to manage its assets and debts. This decision follows the revocation of its license in 2018 due to ballooning debts.
- Debts for MUSCO exceeded Sh1 billion, attributed to mismanagement and non-performing loans.
- Kennedy A. Emali, Nairobi Principal Cooperative Auditor, and Druscillah Jebet Cherogony, Uasin Gishu Principal Cooperative Officer, have been appointed as joint liquidators.
- The Sacco, formed in 1988, faced opposition to its collapse from over 3,000 members and political leaders.
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