Court halts State plan to replace direct Sacco member votes
Nairobi, Aug. 5 -- The High Court in Nyahururu has suspended enforcement of a government directive requiring large savings and credit cooperatives (Saccos) to replace their general membership voting model with a delegate system.
The court issued the order following an application by Tower Sacco, which sued, arguing the directive unlawfully interferes with its governance, by-laws and members' right to participate directly in the society's affairs.
The contested directive issued by the Commissioner for Cooperative Development targets Saccos with more than 5,000 members.
The court also barred the Commissioner from compelling the Sacco to adopt the delegate system until the case is heard.
In its ruling, the court issued the interim orders...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.