By STANLEY KIMUGEMore by this AuthorMembers of the troubled Moi University Sacco on Friday threatened to move to court on Monday to halt the planned sale of the Musco towers without their involvement. “It would not make any sense that innocent sacco members are denied access to their savings yet few individuals ransack the sacco with impunity. Dr David Chemei, a sacco member said that the poor members must first be rescued in revival plans. Mid-last year, Moi University Sacco was among several deposit-taking co-operatives that survived closure after the Sacco Societies Regulatory Authority (Sasra) extended permits for a period of six months to allow them comply with capital adequacy and corporate governance rules. In 2018, the government revoked the licence of Moi University Sacco and later placed it under liquidation.

Source: Daily Nation October 18, 2019 14:37 UTC