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September 29, 2026
59m ago

Court Rules on Liquidation of KUSSCO to Recover SACCO Funds

Court Rules on Liquidation of KUSSCO to Recover SACCO Funds

A court has determined the next step in a legal dispute involving KUSCCO after a SACCO moved to have the union liquidated...

✨ Key Highlights

The High Court in Nairobi has dismissed a petition seeking the liquidation of the Kenya Union of Savings and Credit Co-operatives Limited (KUSCCO), ruling it was filed under the wrong legal framework.

  • The petition sought to liquidate KUSCCO over an alleged unpaid debt of approximately Ksh108.85 million.
  • The key organizations involved were the petitioner (an unnamed SACCO) and KUSCCO.
  • Justice Rhoda Rutto ruled that KUSCCO is a co-operative society, not a company, and therefore not subject to liquidation under the Insolvency Act.

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