KUSCCO members across the country are reeling from shock after the union announced plans to auction 50 properties in three phases. With billions already lost in financial scandals, the fresh auction plan has sparked outrage, raising more questions than answers.
Is this a cover-up for the Ksh12 billion rot within the Kenya Union of Savings and Credit Co-operatives? What happens to the affected members? As the gavel drops in Nairobi, Kisumu, and beyond, the truth behind this property purge demands immediate public scrutiny.
KUSCCO Targets Members’ Assets Amid Sh12 Billion Scandal
The Kenya Union of Savings and Credit Co-operatives (KUSCCO) is facing a storm of criticism following the announcement of a countrywide auction of members’ properties. The auction, scheduled in three phases—June 5, 10, and 13—will be conducted by Watts Auctions on KUSCCO’s behalf.
According to an official notice, 50 properties will go under the hammer. These include residential buildings, commercial premises, and vacant plots located in prime regions such as Nairobi, Kiambu, Kajiado, Machakos, Kisumu, Homabay, and Mombasa.
What’s raising eyebrows is the timing of this sweeping sale. The Union is already battling serious credibility issues after a forensic report exposed financial irregularities amounting to a staggering Ksh12 billion. Yet, KUSCCO has not publicly explained whether the auction is linked to the ongoing financial mess.
Sources say the properties set for auction may belong to SACCO members who unknowingly fell victim to poor financial management by the national body. While the Union claims the auction is legitimate, critics call it a veiled move to offset internal deficits by liquidating member assets.
Properties Span Major Counties and Strategic Locations
The property listings read like a real estate portfolio of dreams—except the owners may be unaware they’re losing their lifetime investments.
In Kisumu, the catalogue includes a multi-storey residential block behind Community Life Church and a valuable plot in Kisian. These are properties located near growing infrastructure and social amenities, ideal for investors but tragic for the original owners.
Kajiado County features prominently with listings such as a 0.9884-acre plot in Kaputiei North, a bungalow, and several family homes in Kitengela. These are areas known for attracting middle-class Kenyans seeking affordable living close to Nairobi.
Machakos boasts high-demand locations like Joska and Sabaki. Several undeveloped plots and built properties are on sale, suggesting that even low- to mid-income earners are not safe from the purge.
In Nairobi, high-value apartments in Kirichwa Gardens (Kileleshwa), Nyayo Estate, a mansionette in Eastlands, and a three-storey block in Umoja are among those targeted. These are assets with major urban investment potential—now set to be grabbed at auctions.
Mombasa adds a coastal angle with listings in Bamburi Fisheries Estate, Likoni, and Shanzu. All of these are in key urban belts that draw tourism and business prospects.
In western Kenya, Ulanda in Migori, parts of Nyamataro, and Kakamega feature residential and commercial properties close to schools and trading hubs.
Each of these properties is now a bargaining chip in a high-stakes auction that could enrich speculators at the cost of ordinary Kenyans.
Members Left in the Dark as Scandalous KUSCCO Goes Silent
Despite the massive implications of the auction, KUSCCO has not issued a public statement explaining the rationale behind it. There is no clear breakdown of whose properties are being auctioned—or why.
Is this a result of defaulted loans, or are these forced sales to recover money lost through mismanagement? The silence from KUSCCO’s headquarters along Kilimanjaro Road in Upper Hill, Nairobi, is deafening.
Nyakundi Report could not independently confirm if the auction is linked to the massive Ksh12 billion financial irregularities flagged by auditors. If the scandal and the sales are related, KUSCCO may be cannibalizing its own members to cover a hole dug by fraud.
There’s also no mention of legal protections for the affected members. Were they given notice? Have they exhausted due process? Or are they learning about the loss of their homes and land from newspaper ads and auction posters?
Why Scandalous KUSCCO Needs Immediate Oversight?
KUSCCO’s latest move could set a dangerous precedent. If the Union can secretly auction off member properties while buried in financial controversy, then the cooperative movement in Kenya is in serious trouble.
This is not just an auction. It is a quiet erasure of livelihoods. Families that trusted KUSCCO with their savings may now lose homes and land they worked decades to own.
The auction is not the end—it is a red flag. The Ministry of Cooperatives, Parliament, and investigative agencies must intervene. Members need answers. Kenyans need transparency. And the masterminds of the Ksh12 billion financial disaster must face justice.
