https://new.kenyalaw.org/akn/ke/judgment/kecopt/2026/279

https://new.kenyalaw.org/akn/ke/judgment/kecopt/2026/279

The Claimant proved, through her pay slip and withdrawal letter, that she held shares worth Kshs. 152,266.00 and had withdrawn from the Sacco, and the Respondent did not rebut that evidence. However, she failed to prove entitlement to dividends because she produced no by-laws, audited accounts, AGM resolutions,...

Source-derived case information.

Citation
[2026] KECOPT 279 (KLR)
Parties
Claimant: Jane N Wanjala alias Wanjala Jane; Respondent: Metropolitan National Sacco Limited
Court
Cooperative Tribunal
Jurisdiction
Kenya
Case Number
Tribunal Case E042 of 2022
Procedural Posture
Cooperative Tribunal Claim for Refund of Shares and Dividends After Voluntary Withdrawal From a Sacco / Judgment
Outcome
Partially allowed
Judges
["J Mwatsama", "B Sawe", "F Lotuiya", "M Chesikaw", "PO Aol"]
Legal Topics
Refund of Shares, Dividends Entitlement, Burden of Proof, Default/non Participation, Interest and Costs
Source Language
en
Cooperative Law Employment and Benefits Civil Procedure Refund of Shares Dividends Entitlement Burden of Proof Default/non Participation Interest and Costs

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Parties

Jane N Wanjala alias Wanjala Jane

Claimant

Metropolitan National Sacco Limited

Respondent

Procedural Posture

Cooperative Tribunal Claim for Refund of Shares and Dividends After Voluntary Withdrawal From a Sacco / Judgment

  1. 1 Whether the Claimant proved entitlement to refund of shares in the sum of Kshs. 152,266.00
  2. 2 Whether the Claimant proved entitlement to accrued dividends in the sum of Kshs. 30,453.00
  3. 3 What orders should issue as to costs and interest

Ratio Decidendi

The Claimant proved, through her pay slip and withdrawal letter, that she held shares worth Kshs. 152,266.00 and had withdrawn from the Sacco, and the Respondent did not rebut that evidence. However, she failed to prove entitlement to dividends because she produced no by-laws, audited accounts, AGM resolutions, dividend declarations, or other evidence showing that dividends were declared or payable or how the figure was computed. The claim succeeded only for refund of shares, interest, and costs.

Court Disposition

Partially allowed

Orders

  • The Respondent shall pay the Claimant Kshs. 152,266.00 being refund of shares.
  • The sum of Kshs. 152,266.00 shall attract interest at court rates from 2nd February 2023 until payment in full.