Auctioneers raid KUSCCO offices over Ksh.108.8 million debt
Operations at the Kenya Union of Savings and Credit Co-operatives (KUSCCO) were disrupted on Thursday after auctioneers raided the organisation’s offices in a bid to recover an alleged Ksh.108.8 million owed to RUPSA regulated non-withdrawal deposit taking Sacco.
The move follows an auction order issued by a tribunal after KUSCCO failed to issue a way forward for the payments to the Sacco.
RUPSA Treasurer Edward Gacheru said: “All along KUSCCO has paid other saccos Ksh.388 million. We have taken them to court. We would have become their first priority, and this is a small Sacco. Our total assets are Ksh.1.1 billion, if you take our Ksh.100 million, you are taking 10 per cent. So we are sure we will do everything possible within the law to recover our money.”
According to RUPSA officials, the move follows a Co-operatives Tribunal order issued on January 19, 2026, which required them to give KUSCCO a seven-day notice before proceeding with the auction, and despite the notice, the union failed to honor it.
George Mbagu of Immediate Auctioneers said: “I doubt whether these items will be able to raise the amounts, but this is the process. This is where we have to start. We have to first of all extinguish the attachment of what we call moveable properties, and thereafter I will go back to court and report what we have raised, and then we will be able to seek further direction as to how far we can be able to pursue the remaining balance depending on what else the Sacco owns.”
However, the exercise was halted after police officers intervened, kicking out the auctioneers and preventing them from taking any items out of the premises.
It was not immediately clear on what grounds the officers went against an active court order.
KUSCCO officials at the scene opted not to speak to the media. However, the KUSCCO Chair David Mategwa told Citizen TV that KUSCCO was looking at the bigger picture and how to salvage the industry, shifting blame to RUPSA for failing to submit their deposits.
“There is money even for this one. They were to give us information. I think even the office must have talked to them. We were asking Saccos to confirm because we had engaged auditors to confirm the Saccos and how much they had brought to KUSCCO so that we know the correct figure and account to our money in their account. They didn’t do that,” Mategwa said.
