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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