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Originally published by Nation Business
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business
October 1, 2026
10h ago

Metropolitan Sacco gets last-minute reprieve as liquidation talks delayed

Metropolitan Sacco gets last-minute reprieve as liquidation talks delayed

Government is considering winding up the Sacco...

✨ Key Highlights

Liquidation talks for Metropolitan National Sacco have been postponed for 45 days. This decision allows members, primarily teachers, to focus on the current school calendar before addressing the Sacco's financial future.

  • The government is considering winding up the 49-year-old Sacco due to its poor financial health.
  • The Sacco, formerly known as Kiambu Teachers Sacco, has faced scrutiny over potentially untraceable loans totaling over Sh50 billion.
  • Several Metropolitan Sacco officials have been charged with fraud amounting to Sh14.5 billion.

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