SIC Investment Co-operative is facing crippling losses of up to Sh2 billion due to years of mismanagement and fraudulent practices. This has left thousands of members and customers facing significant financial distress.

• Sh2 billion in losses have been incurred by SIC Investment Co-operative.
• The crisis stems from mismanagement, including the purchase of non-existent or unsellable land parcels and inflated asset values.
• Approximately 5,000 members and hundreds of customers are affected by the co-operative's financial woes.