He Speaks, They Act, Gakuyo Surrenders To Police Hours After Matiang’i Vowed To Pursue Him

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The no-nonsense Matiangi spoke during the Kenya Police Sacco annual delegates conference on Wednesday, March 6 where he assured Kenyans the government would not sit back and watch management of savings and credit companies engage in mass theft from their trusted clients.

The Furious Matiang’i promised that the rogue Saccos will be brought to book.

In response “Dr” David Kariuki Ngare, alias Gakuyo has surrendered to the police.

Gakuyo, in the company of his lawyer Danstan Omari and six other Ekeza Sacco officials, appeared at the Directorate of Criminal Investigations (DCI) headquarters at 2pm.

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Reports indicate that they were questioned for about half an hour by officers including Head of Serious Crimes Unit Joseph Kariuki.

Gakuyo was being sought over the loss of Ksh.1billion from Ekeza Sacco after a directive from Interior CS Fred Matiang’i.

Gakuyo is the founder of Ekeza Sacco which has been dogged with controversy after it emerged that members funds were embezzled.

The money was apparently transferred to Gakuyo’s personal account.

“…rogue officials mismanaging funds in the co-operative movement will be prosecuted after the conclusion of investigations,” said CS Matiang’i on Wednesday.

Last year, the Government revoked the Sacco’s license following complaints that Ekeza was sharing office space and bank accounts with Gakuyo Real Estate Company.

At one point, Gakuyo attempted to sell his hotels and land tied to the real estate company but was stopped after an application from the Commissioner of Cooperatives.

He wanted to sell Lillies Hotel in Juja, Salama House and Swift Breeze Hardware on Garissa Road, a quarry in Murang’a County as well as 250 acres of land in Machakos County.

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