C
Originally published by Capital Business
📰 Read Full Article
business
November 30, 2025
7h ago

Govt orders probe into KUSCCO Housing over alleged looting

Govt orders probe into KUSCCO Housing over alleged looting

NAIROBI, Kenya,  Nov 30 - The government has launched a formal inquiry into KUSCCO Housing Co-operative Society Limited following member complaints Kenya breaking news | Kenya news today |..

✨ Key Highlights

The Kenyan government has ordered a formal probe into the KUSCCO Housing Co-operative Society Limited following complaints that it was used to siphon savings from affiliated SACCOs. The inquiry, mandated by a Gazette notice dated October 28, 2025, will scrutinize the society's operations and the conduct of its officials.

  • Most important fact or figure: The inquiry was launched due to allegations of the society being used to siphon savings from affiliated SACCOs.
  • Key person or organization involved: Commissioner for Co-operative Development David K. Obonyo issued the order, and the investigation team includes Assistant Commissioner for Co-operative Development Fondo Nzovu and Senior Co-operative Auditor John Kariuki Kinyanjui.
  • Notable detail that adds context: The probe is based on sections 58 and 73 of the Co-operative Societies Act (Cap. 490) and will investigate alleged mismanagement and significant financial losses.

Continue Reading

Read the complete article from Capital Business

📰 Read Full Article

Related News