Massive financial scandal rocks Kenya’s top sacco union as government cracks the whip

In a sweeping crackdown on financial mismanagement, the Ministry of Cooperatives and Micro, Small, and Medium Enterprises (MSMEs) has officially handed over a forensic audit report on the Kenya Union of Savings and Credit Co-operatives (KUSSCO) to national security agencies.

The report, compiled by PricewaterhouseCoopers, revealed gross mismanagement, financial irregularities, and possible criminal activities within the apex cooperative body.

Speaking at a press conference accompanied by high-ranking officials from the Ministry, KUSCCO and the regulatory body SASRA, the Cabinet Secretary (CS) for MSMEs Development Dr.

Wycliffe Oparanya announced that the Inspector General (IG) Mr.