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Originally published by Capital Businessbusiness
March 22, 2026
3h ago
Mhasibu SACCO seeks Sh480m from KUSCCO over unpaid deposit

The SACCO said the amount relates to a fixed deposit certificate that matured in January 2024 but has not been honoured despite a withdrawal request. Kenya breaking news | Kenya news today |..
✨ Key Highlights
Mhasibu DT SACCO is seeking over Sh480.6 million from Kenya Union of Savings and Credit Co-operatives (KUSCCO) for a fixed deposit that matured in January 2024 but remains unpaid.
- Sh480,610,834: The amount of unpaid fixed deposit by KUSCCO to Mhasibu DT SACCO.
- Mhasibu DT SACCO and KUSCCO: The key organizations involved in the dispute.
- Sh34 million: The annual provision for impairment Mhasibu DT SACCO has started due to the ongoing issue and KUSCCO's broader financial irregularities including estimated losses of over Sh13 billion.
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