- Two co-operative societies have been placed under liquidation in a move affecting creditors and members.
- Creditors have been given 60 days to submit outstanding claims and supporting documents.
- The appointed liquidator is expected to complete the winding-up process within one year, subject to verification of claims and assets.
Two cooperative societies have been placed under liquidation, with creditors required to submit outstanding claims within 60 days to safeguard their interests in the winding-up process.
Kenton Kijabe Hill Co-operative Society Limited and Nitunze Sacco Society Limited are the latest societies affected by the move announced by the Commissioner for Co-operative Development.
In notices dated October 7, 2026, the Commissioner appointed certified public accountant Benedict Abonyo Omollo as the liquidator responsible for overseeing the affairs of both societies.
Creditors whose claims are missing from the societies’ records have been directed to present details of the amounts owed, together with relevant supporting documents, to the appointed liquidator.
The notices warn that failure to submit claims within the prescribed period could leave creditors out of distributions made before their claims are verified.
“By virtue of section 65 of the Act, all the property of the Society is vested in the Liquidator,” the notices state.
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The liquidator has also called on individuals or institutions holding any property, books, records or other documents belonging to either society to hand them over to his office.
The liquidation process for each society is expected to be completed within a maximum period of one year. However, the actual duration will depend on the assessment and verification of creditors’ claims, the identification of available assets and the settlement of outstanding liabilities.
The process is intended to establish the societies’ obligations and determine how their assets will be handled in settling verified claims.
However, the notices did not provide details of the societies’ financial health, the number of members affected or the circumstances that led to their liquidation.
By Lizzy Aluga
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