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May 13, 2026
2h ago

Oparanya Gives New Update After Over 100,000 Kenyans Lose Funds in SACCO

Oparanya Gives New Update After Over 100,000 Kenyans Lose Funds in SACCO

During the meeting, Oparanya also gave an update on the legal, policy, and institutional reforms targeting all SACCOs to safeguard members' savings...

✨ Key Highlights

Co-operatives Cabinet Secretary Wycliffe Oparanya revealed ongoing efforts to recover approximately Ksh15 billion lost by over 100,000 members of the troubled Metropolitan National SACCO.

  • Over 100,000 members reportedly lost Ksh15 billion in savings.
  • Directorate of Criminal Investigations (DCI) investigations are active, with surcharge notices issued against affected parties.
  • The scandal, which emerged between 2021 and 2023, involved alleged massive fraud orchestrated by former and current senior staff and board directors.

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