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Co-operatives regulator to probe UN Sacco officials
Acting director of Co-operatives Development Philip Gichuki (left) and PS Ali Ismail at a past meeting in Nairobi. The regulator is set to inquire into UN Sacco operations. PHOTO | FILE
The United Nations Savings and Credit Cooperative Society (UN Sacco) is reported to have requested the Co-operatives Development department to look into the conduct of the financial institution that recently came under the spotlight after sinking almost Sh1 billion at Chase Bank.
Through a gazette notice published on Friday, Co-operatives Development, part of the Ministry of Industrialisation, Trade and Co-operatives, says it will conduct an inquiry into the by-laws, working and financial conditions as well as the conduct of the management committee.
