Kenya: 100,000 Metropolitan Sacco Members Lose Ksh 15B, Call for Investigations

A storm is brewing at the Metropolitan National Sacco Society Limited as it now emerges that over 100,000 members have lost a staggering Ksh15 billion in savings between 2021 and 2023. The financial catastrophe has left many members—mostly teachers and civil servants—reeling, with no clear resolution in sight.

The Sacco’s interim chairperson has squarely blamed the former leadership for this financial disaster, alleging gross mismanagement and the failure to account for members’…