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

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

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.

Tags:

Ekeza Sacco Gakuyo kariuki ngare

Want to send us a story? Submit on Wananchi Reporting on the Citizen Digital App or Send an email to wananchi@royalmedia.co.ke or Send an SMS to 25170 or WhatsApp on 0743570000

Leave a Comment

Comments

No comments yet.

latest stories