Ekeza Sacco only wants apology from Gakuyo over stolen Ksh.1.5B


Ekeza Sacco only wants apology from Gakuyo over stolen Ksh.1.5B
Rev. David Kariuki Ngare alias Gakuyo during a past sermon. PHOTO | COURTESY

In Summary

  • The new Ekeza Sacco member team now demands immediate apologies from the former Chairman Kariuki  Ngari for the misleading remarks  and embezzlement of funds which left many members  in disappointment
  • The new management exuded confidence of being in full control of the office and that and all Saccos’s bank accounts and urged members with loans to continue servicing them in either of the six branches.
  • Earlier this week Ekeza Sacco members thronged the DCI  headquaters   who were allegedly defrauded by schemes connected to televangelist  Kariuki Ngari, alias Gakuyo to record statements.

The new Ekeza Sacco management has demanded an apology from former Chairman Kariuki Ngare aka Gakuyo over alleged remarks that misled members to believe he would invest their funds but instead ’embezzled’ them.

In a press release dated March 20, 2019, the officials expressed great disappointment in their founder over what they termed as gross misconduct and abuse of office.

“Even after trusting in him with their hard earned savings, he ended up betraying them using their money to enrich himself by buying expensive and luxurious vehicles, palatial homes etc,” the statement reads.

They condemned the former chairman and accused him of plunging Ekeza Sacco into financial crisis.

The management has also rubbished the claims that Mr. Kariuki was to bring a foreign investor, something they said they were completely unaware of .

“Mr Kariuki is not in a position to negotiate on behalf of the Ekeza Sacco Society and if there is an intention to bring an investor, we should be informed. Currently we treat it as propaganda to mislead members,” the statement adds.

They however exuded confidence that they are in full control of the office and that and all the Sacco’s bank accounts.

The management is still urging members with loans to continue servicing them in either of the six branches in Nairobi, Kiambu, Nakuru, Nyeri, Nanyuki and Rongai.

Earlier this week, Ekeza Sacco members who were allegedly defrauded through con schemes linked to televangelist Kariuki Ngare aka Gakuyo thronged the DCI headquarters  to record statements.

When this did not happen, they blocked the Kiambu Road and police used teargas to disperse them.

It is alleged that Ksh.1.5billion was embezzled from the members.

For Citizen TV updates
Join @citizentvke Telegram channel



Video Of The Day: Treasury allocates Ksh 4.5 B for procurement of vaccines

Avatar
Story By Titus Ouma
More by this author