Moi University Savings and Cooperatives Society

Moi University Savings and Cooperatives Society
Uasin Gishu County Government through the Department of Cooperative and Enterprises Development has once again appealed to Trade and Industrialization Cabinet Secretary Peter Munya to consider revoking the cancellation of Moi University Savings and Cooperatives Society registration certificate and subsequent placement under liquidation.
 
Speaking while briefing the media this morning, the County Executive Committee Member in charge of Cooperatives and Enterprise Development Ms. Esther Mutai maintained that it was wrong for the commissioner of cooperatives in the state department of cooperatives to revoke the license without following due procedure that required her office to institute a commission of inquiry before taking any action, citing that cooperative function was a fully devolved function.
 
“We are urging the Cabinet Secretary In charge Trade who has powers to revoke the cancellation and bring back the society to life as this was a lifeline to thousands of cooperators who had invested in the society.
 
Ms. Mutai wondered why the commissioner rushed to place the society in the hands of a liquidator ignoring the calls by the County Government of Uasin Gishu requesting her to compel the employer- Moi University to remit the society’s due amounting to Ksh. 51 Million.
 
The County Government of Uasin Gishu had raised the dispute with Intergovernmental Technical Relation Committee (IGRTC) now on progress asking arbitrator to fastrack it.
 
“We are not aware what the liquidator is doing with the income from the society’s properties such as Musco towers and Musco plaza…..we have information that he is currently doing partition on some of the property,” Said Ms. Mutai.
 
The commissioner of Cooperatives had in June 2018 revoked registration of the Moi University Savings and Credit Society (Musco) and placed it under liquidation.
 
Members of the liquidated society held demonstrations yesterday pushing for the government to come to their rescue.
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