Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Metropolitan Savings and Credit Cooperative Society (SACCO), has been once again hit hard after the Cooperatives Tribunal awards 36 refund claims sought by members seeking to withdraw membership. According to the Tribunal registry the claims were awarded between February and July this years and they are running into millions. In one such case filed against…
Nominated Senator Tabitha Mutinda has petitioned the Senate to urgently probe the financial collapse of Metropolitan National SACCO Limited. Auditors had uncovered Kshs12 billion loss, over 75,000 members were unable to access their savings. Senior officers were dismissed and replaced by a caretaker committee in 2022. In a Statement to the Senate Committee on Trade,…
Metropolitan Sacco 46th Annual General Meeting (AGM) that was taking place today at Kiambu High School ended unceremoniously as members demanded for financial reports. According to reports, the management of the Sacco said they did not have financial reports because SASRA had not approved them yet. The reports further indicate that members of the Sacco…
Metropolitan Sacco will hold its 46th Annual General Meeting (AGM) today at Kiambu High School. In a notice to members signed by its honorary secretary of the Sacco David Waweru Mwangi, the members will gather to adopt the annual reports and financial statements for the past two years and confirmation of the management and Supervisory…
The Teachers Service Commission (TSC) released a list teachers whose remittances to Metropolitan Sacco had been stopped and those who are still active members. In a letter dated April 4, signed by TSC CEO Dr Nancy Macharia, directed to clerk of Senate, she said 11,310 teachers’ remittances were stopped while 2,401 teachers were still members…
The Teachers Service Commission (TSC) has been urged by the Senate Committee on Trade and Tourism to stop deducting money from teachers who have withdrawn from Metropolitan Sacco, which has gone under. The committee chairman Okiya Omutatah has also requested that all remissions to the Sacco be halted, stating that teachers have withdrawn from the…
Metropolitan Sacco members have staged protests demanding refund of their money totaling over Ksh7.7 billion. The members marched to the Sacco main office in Kiambu town to deliver a petition with a raft of demands. Led by their colleague, Fredrick Kago, the members demanded that; the Sacco sells its assets including land and pay members…
