How Kuscco board pocketed Sh18m for site visits to housing project

Kuscco Housing in Kitengela. [Courtesy]

Kenya Union of Savings and Credit Cooperatives (Kuscco) board pocketed Sh18 million in allowances for site visits during the construction of the Sh1.5 billion Kuscco Homes Project.

The money, paid in cash over five years, is one of the queries flagged in the PricewaterhouseCoopers’ (PwC) audit into the Sh13.3 billion fraud at the Saccos umbrella organisation.