KUSCCO liquidation: What saccos and members need to know
As the legal process continues, Saccos and their members are wondering what KUSCCO’s liquidation means, and what happens to its assets and obligations.
The liquidation of the Kenya Union of Savings and Credit Co-operatives Union Limited (KUSCCO) has raised questions about what the process means for Saccos and their members.
This follows a 2025 PwC forensic audit that revealed that KUSCCO had suffered a KSh13.3 billion heist.
The Commissioner for Co-operative Development cancelled KUSCCO’s registration and ordered its liquidation after members resolved to dissolve the union amid liquidity challenges.
In a gazette notice on August 31, 2026, the Commissioner appointed three State Department for Co-operative officials as liquidators and placed KUSCCO’s assets, books, and records in their custody. The process was expected to be completed within a year.
However, the High Court suspended the gazette notice following a petition by a Ruiru-based Rupsa Non-withdrawable Deposit-Taking (NWDT) Sacco, which says it lost KSh108.8 million. The Sacco is seeking to have the State-appointed officers dropped and replaced with an independent insolvency practitioner.
Watch the video to learn what KUSCCO’s liquidation means to Saccos and their members, and what happens to its assets and obligations.