KUSCCO Audit Chase: Lawyers Give PwC Seven Days to Hand Over Forensic ReportKUSCCO Audit Chase: Lawyers Give PwC Seven Days to Hand Over Forensic Report

Allan Mulama Advocates, acting for petitioner Simiyu Robert Wanyonyi, has asked the firm for a certified copy of the report, completed in September 2024. The lawyers say the Nairobi High Court directed Wanyonyi on 12 October to obtain it within 14 days, a window that runs to 26 October, and that they will seek orders compelling release if PwC does not comply.

A fund that has never paid out

The petition challenges the government's failure to operationalise the Deposit Guarantee Fund created under sections 55 to 59 of the SACCO Societies Act, 2008. The fund is meant to protect members' deposits if a Sacco becomes insolvent or collapses.

The lawyers say it has never been operationalised, holds no liquid reserves, has no appointed board of trustees and has never compensated a depositor. They cite a replying affidavit by the SACCO Societies Regulatory Authority, which they say shows its chief executive acknowledged that the fund was never established. No response from the regulator or the government was available at the time of writing.

The figures behind the demand

The letter says KUSCCO collapsed with a confirmed net deficit of about KSh 12.5B ($96.3M). It says PwC established that deficit, that the Cabinet Secretary for Co-operatives confirmed it on the Senate floor on 13 May 2026, and that Grant Thornton corroborated it.

The lawyers also allege that Metropolitan National SACCO Society Limited accumulated about KSh 50B ($385.21M) in phantom loans while under the regulator's watch. That is an allegation made in the letter, not a finding, and Mwenendo has not seen the court filing. "The pattern is structural. The remedy must be structural," the letter states.

Why the audit matters to savers

Mwenendo earlier reported on how eighteen years without cover have left small savers carrying the full risk, with regulated Saccos holding KSh 832.74B ($6.42B) in deposits at the end of 2025. The report is the missing evidence in that debate, because it has been finished for more than two years and is still not public.

As Mwenendo earlier reported, the KUSCCO liquidation continues, with borrowers told to keep paying instalments while creditors file proofs of debt. PwC had not publicly responded to the request when the lawyers' demand was reported, so whether the report is released before the court's 26 October window closes remains open.