KUSCCO’s liquidation challenged in High Court

In her ruling, Lady Justice Rhoda Rutto certified as urgent the matter filed by RUPSA NWDT Sacco Society Limited against KUSCCO and directed the petitioners to serve the respondents, liquidators and any other person likely to be affected by the order today...
✨ Key Highlights
The High Court in Nairobi has received a challenge against the gazettement of the liquidation of Kenya Union of Savings and Credit Co-operative Union Limited (KUSCCO).
- The liquidation follows losses of between Sh12 billion and Sh13.3 billion attributed to mismanagement.
- RUPSA NWDT Sacco Society Limited filed the urgent challenge against KUSCCO.
- A forensic investigation by PwC uncovered the financial irregularities, including ghost loans and executive mismanagement.
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Part of the Day's Coverage
Fuse Holdings Loses Tax Appeal Over Missing Ownership and Loan Records - September 2026
A property firm, Fuse Holdings Limited, has lost a significant tax appeal, failing to convince the Tax Appeals Tribunal regarding its ownership and loan records for the years 2020 and 2021. The High Court in Nairobi has received a challenge against the gazettement of the liquidation of Kenya Union of Savings and Credit Co-operative Union Limited (KUSCCO). Separately, a printing firm called Graphic Lineups Limited has lost a tax appeal and must pay Sh15.7 million in Value Added Tax (VAT) on an imported printing press. Additionally, the High Court has quashed a legal opinion that cleared the Communications Authority of Kenya (CA) to make payments linked to a company associated with its former chairperson, Mary Wambui Mungai.
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