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Originally published by Capital Business
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business
September 8, 2026
1h ago

High Court stops KUSCCO liquidation amid opposition

High Court stops KUSCCO liquidation amid opposition

The case was filed by RUPSA NWDT Sacco Society Limited, which challenged the liquidation of KUSCCO after losing Sh108.8 million following the union’s collapse...

✨ Key Highlights

The High Court has issued a temporary injunction halting the liquidation of the Kenya Union of Savings and Credit Co-operative Union Limited (KUSCCO). This decision follows a challenge filed by RUPSA NWDT Sacco Society Limited.

  • The court ruled that the appointed liquidators cannot use the same Gazette Notice that appointed them to exercise their powers.
  • The case was brought after KUSCCO collapsed, causing significant financial losses for member SACCOs, including RUPSA NWDT Sacco Society Limited which lost Sh108.8 million.
  • A PwC forensic investigation two years ago revealed a financial shortfall of between Sh12 billion and Sh13.3 billion at KUSCCO, linked to mismanagement and alleged ghost loans.

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