Owner of Gakuyo Real Estate Accused of Conning Investors, Blames Political Detractors on the Allegations

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The owner of a Kenyan real estate company and sacco has denied swindling investors, and instead blames the allegations on his political detractors. Bishop David Kariuki Ngari, who runs Gakuyo Real Estate and Ekeza Sacco and was running for the Kiambu gubernatorial seat, says he runs legitimate businesses and has not stolen anything from anyone.

Ngari, who is also the overseer bishop of Calvary Chosen Centre, says the allegations are meant to bring down his church, businesses and political ambitions.

“There are people who are working tirelessly to paint me as a criminal in order to bring my church and businesses down…I’m a man of God who fears and follows His teachings. I have not stolen anything. My hands are clean. I’m the manager of Gakuyo Real Estate and Ekeza Sacco and the rumors going round are nothing but a plot to finish me,” says Ngari, popularly known as Gakuyo.

KTN this week ran stories of Kenyans who say they invested in both Gakuyo Real Estate and Ekeza Sacco and have nothing to show for it. One of the investors, Anthony Maina, says he lost Sh65,000 in the sacco. Maina tells KTN he deposited Sh45,000 in the sacco in 2014 aiming to buy a plot of land in Embu that was being sold for Sh65,000. He says he deposited the balance of Sh20,000 the following year. He says he was asked to pay an additional Sh10,000 on top of the original agreed upon Sh65,000 purchase price, but even after paying the extra fee, the company to date has not shown him the land he paid for.

Ngari last month dropped his bid to run for the Kiambu governor seat in a bid to oust William Kabogo and threw his support behind Kabete MP Ferdinand Waititu.

He was recently kicked out of a public university after it emerged that he used a forged CPE certificate to gain admission into the university.