Update: Gakuyo surrenders to police over Embezzlement of funds at Ekeza Sacco

I feel for the poor Kenyans who had tirelessly worked hard and saved with Ekeza Sacco. It is not easy knowing that an evangelist would be linked with conning. Do you feel it’s fair? Televangelist “Dr” David Kariuki Ngare, alias Gakuyo has surrendered to the police.

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.

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.

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.

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

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.