The Kenya Union of Savings and Credit Cooperatives (Kuscco) said on Saturday that matatus have failed to make monthly contributions hence should not be members of savings and credit cooperative societies (Saccos).
Kuscco chairman George Utoto said only a few matatu saccos had enviable pool of funds that enabled them to improve themselves.
In a statement to the press at Crowne Hotel, Upper Hill, in Nairobi Kuscco said they would push for matatus' exclusion from saccos and the same be forced to form co-operatives.
“While the matatu saccos agreed and signed allegiance to the sacco regulations, that is where it ended after they were back on the road," said Utoto.
Utoto added that many matatu saccos have turned into personalised cartels where they sell their fleet name to any matatu owner.
"Most of them have no offices or a bookkeeper to maintain records where co-operative officials could visit regularly to inspect books. Some have become cartels operated in bus stations,” he said.