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Originally published by Capital Business
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business
March 22, 2026
3h ago

Mhasibu SACCO seeks Sh480m from KUSCCO over unpaid deposit

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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