Saccos fraud Stories

CS Oparanya calls for mergers to stabilise small SACCOs, strengthen sector
Maureen Kinyanjui  |  Sep 26, 2025

Currently, Sasra only oversees Saccos with deposits of Sh100 million or more, leaving many smaller co-operatives under the Commissioner of Co-operativ...

Ghost shareholding, fake loans used to steal Sh82.3 million from Energy Sacco - report
Lucy Mumbi  |  Feb 27, 2025

The fraud, which occurred between January 2016 and June 2021, was uncovered by Reuben Gitahi & Associates Forensic Services, a firm hired by Energy Sa...

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