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University Sacco gets notice to pay Sh500m

The High Court in Eldoret has granted a 40-day notice to Moi University Staff Cooperative Sacco (Musco) to pay Sh500 million outstanding debt or face auction.

Justice Hellen Omondi yesterday noted Co-operative Bank will be at liberty to proceed with the sale of the Sacco property upon the lapse of the notice in the event of default in clearing of the arrears.

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