Controversial preacher Gakuyo surrenders to the DCI

Controversial preacher Dr” David Kariuki Ngare, alias Gakuyo surrendered to officers at the Directorate of Criminal Investigations.

Together with other six other Sacco officials, Gakuyo was grilled for half an hour by top officers including Head of Serious Crimes Unit Joseph Kariuki.

Their surrender came a day after Interior Cabinet Secretary Fred Matiangi cautioned officials who have been misusing Sacco funds.

Embezzled funds

Matiangi cited the recent incident where thousands of members lost over Sh2 billion at the Ekeza Sacco where Gakuyo is accused of having embezzled members' funds.

The Interior CS maintained that rogue officials will be prosecuted after the conclusion of investigations being carried out by the DCI.

Gakuyo reportedly used the money to upgrade his lifestyle by buying prime properties for his family and boosting his struggling real estate firm.

Unlawful transactions

Reports indicated that Ksh1.5 billion was unlawfully transferred to the accounts of Gakuyo's Real Estate, where he is the managing director and his wife Hannah Wachu a co-director.

Only an estimated third of the money, Ksh507,900,374 could be traced to members who took out loans from Ekeza to acquire properties from Gakuyo Real Estate.

A damning audit report by the government on the Sacco's operations revealed that irregular cash outflows of an estimated kSh1.5 billion from Ekeza account to Gakuyo Real Estate.