The Kenyan government has ordered a new audit of Metropolitan Sacco due to mounting liquidity pressures and a surge in member withdrawals, following allegations of Sh14.49 billion fraud by former officials.

• Metropolitan Sacco is facing liquidity issues with a Sh7.41 billion deposit base against a Sh17.2 billion loan book.
• The audit is ordered by the Commissioner for Co-operatives, David Obonyo.
• The focus will be on the Sacco’s by-laws, financial position, sustainability, and overall viability, with a rapid assessment expected in 10 days.