For thousands of members of Metropolitan National Savings and Credit Co-operative Society (SACCO), the publication of Kenya Gazette Notice No. 8932 was more than a routine government announcement. It was a moment of relief, celebration, and renewed hope that their cries had finally reached the ears of regulators.
Across Nairobi and its outskirts, members interviewed by Scoop News Agency in collaboration with SACCO Review expressed joy after learning that the Commissioner for Co-operative Development had officially ordered an inquiry into the affairs of the SACCO.
Some members described the gazette notice as the first real sign that authorities were taking their concerns seriously.
“We are very happy. This is what we have been praying for,” said one member interviewed in Nairobi. “For a long time, we felt abandoned. Now we have hope that the truth will come out.”
Another member said the inquiry had restored confidence among members who had been worried about the future of their savings.
“We welcome the Commissioner’s decision. We hope this inquiry will not just be another investigation. We want something tangible to come out of it. If mistakes were made, those responsible should be held accountable,” the member said.
The inquiry was formally announced through Kenya Gazette Notice No. 8932, published in the Kenya Gazette of 12th June 2026 under the provisions of The Co-operative Societies Act (Cap. 490).
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In the notice, Commissioner for Co-operative Development David K. Obonyo stated that he believed that an inquiry should be carried out into the affairs of Metropolitan National Savings and Credit Co-operative Society Limited (CS/2628).
According to the gazette notice, the inquiry will investigate:
- The by-laws of the society;
- The financial status of the society;
- The sustainability and viability of Metropolitan National Savings and Credit Co-operative Society Limited; and
- Matters arising under Section 58 as read together with Section 73 of the Co-operative Societies Act, Cap. 490, Laws of Kenya.
To conduct the inquiry, the Commissioner appointed Habil Olembo, Principal Co-operative Officer at Nairobi Headquarters, and Silars Okoth Dede, Assistant Director of Co-operative Audit at Nairobi Headquarters.
The two officers have been authorized to undertake the inquiry within ten days from the date of the order at such place and time as they may determine and duly notify.
The Gazette Notice further directs the attention of all officers and members of the society to key provisions of the Co-operative Societies Act, including: Section 60(1) – Cost of Inquiry; Section 60(2) – Recovery of Costs of Expenses; Section 94 – Offences; and Section 73 – Surcharges.
The inquiry order was dated 15th June 2026 and signed by David K. Obonyo, Commissioner for Co-operative Development.
Members interviewed said the inclusion of provisions relating to offences and surcharges demonstrated the seriousness with which the government intends to handle the matter.
Several members said they hoped the inquiry would establish the true position of the SACCO and provide clear recommendations on the way forward.
“This is not about revenge. It is about accountability and protecting members’ savings,” said another member from Nairobi’s outskirts. “We are happy that the government has intervened, and we hope the investigators will do a thorough job.”
Others praised the Commissioner for taking decisive action, saying the inquiry offers an opportunity to restore confidence in the cooperative movement and reassure members that their interests remain protected.
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For many members, the inquiry represents more than an administrative exercise. It is a chance to obtain answers, establish accountability, and rebuild trust in an institution that was founded on the principles of mutual support and collective economic empowerment.
As the inquiry team begins its work, members remain optimistic that the process will yield meaningful results. Their message is unanimous: they welcome the inquiry, they support the Commissioner’s intervention, and they hope that Kenya Gazette Notice No. 8932 marks the beginning of a transparent process that will ultimately safeguard members’ interests and strengthen governance within the SACCO.
For now, the mood among many members is one of cautious optimism and renewed hope that, at long last, answers may be on the way.
By Xavier Lugaga
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