Saccos sag under Sh4b unpaid dues

KUSCCO chairperson George Magutu (left), Embu Senator Peter Njeru Ndwiga and the ICUDE Group Managing Director George Ototo (PHOTO: Kelvin Karani)

Both levels of government, as well as other State agencies, have not remitted close to Sh4 billion of their employees’ deductions to their respective Saccos.

Kenya Union of Savings and Credit Co-operatives (Kuscco) yesterday said this had left many saccos in a serious liquidity crisis.