PCEA Sacco gets nod to recover Sh95m from ailing Kuscco

Kenya Union of Savings and Credit Co-operatives (Kuscco) centre in Nairobi.

Photo credit: Evans Habil | Nation Media Group

A savings and credit co-operative society (Sacco) associated with the Presbyterian Church of East Africa (PCEA) has won an enforcement order seeking over Sh95 million fixed deposits stuck in the troubled Kenya Union of Savings & Credit Co-operatives Ltd (Kuscco).

The PCEA Ruiru Co-operative Sacco filed the suit at the Cooperatives Tribunal after it failed to access its matured deposits at Kuscco, which faced a mega fraud that has left billions of shillings in deposits at risk.

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