Government to Auction Controversial billionaire Bishop’s property Over Debt

The government has resolved to auction the property of Ekeza Sacco founder, controversial billionaire Bishop David Kariuki Ngare after he was unable to refund Ksh. 1 Billion he allegedly withdrew from Ekeza Sacco illegally to fund his lifestyle.

Speaking to KTN, the Bishop of the Thika-based Calvary Chosen Centre welcomed the sale of his assets provided he is involved in the process.The founder of the troubled Ekeza Sacco made the address after an inquiry report on the sacco was released on Thursday.

The Government had directed that the bishop, his wife, and his firm Gakuyo Real Estate should “suffer the seizures” to recover money owed to members of Ekeza Sacco.

The recently released report concluded that the Bishop started out with the aim of enriching himself and had no intention of helping members to buy land via his firm, Gakuyo Real Estate.

“All staff who irregularly loaned themselves monies from Ekeza must make arrangements to repay the monies or will have their properties seized to recover the same,” the report further directed.

The bishop had reportedly frustrated Ekeza’s internal audit teams from carrying out their work.

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