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Bishop Gakuyo To Remain In Office, Court Rules

Bishop Gakuyo. [IMAGE/ COURTESY]

Bishop David Kariuki Ngare alias Gakuyo will remain in office ogether with oher management staffers at Ekeza Sacco, the court has ruled.

The new directive now bars the Commissioner of Co-operative Development from instating the new managers at Ekeza Sacco.

This comes as a win for a section of Ekeza Sacco members allied to Gakuyo, who had filed a petition to stop the Commissioner of Co-operatives from installing new management.

The sacco has been on a standstill since last year when the Government revoked its license following complaints that it was sharing office space and bank accounts with Gakuyo Real Estate Company.

An investigation by the Co-operatives ministry discovered that the Thika-based Calvary Chosen Centre bishop and his wife withdrew Ksh1.5 billion to their personal account.

According to a report by a team appointed by Commissioner for Cooperatives Mary Mungai last December to audit the sacco, the transactions happened between 2015 and 2017.

Gakuyo and his wife withdrew Ksh88 million in 2015, Ksh850 million in 2016 and Ksh625 million in 2017 according to the report which was presented to members yesterday.

Read: Court Halts Sale Of Gakuyo Assets To Recover Lost Money

It is also reported that Gakuyo and his personal assistant Gladys Muriithi declined to furnish the liquidator-receiver managers with their bank statements.

This triggered a summon by the Directorate of Criminal Investigation, where Gakuyo was questioned for over 30 minutes.

Early this month, the High Court stopped the sale of Gakuyo’s property, to allow the government to finish investigation into issues leading to the collapse of Ekeza Sacco.

The Commissioner of Cooperatives had made the application to block the sale of the property, which would “jeopardise an ongoing inquiry into the sacco” which had deposits to the excess of Ksh2.5 billion.

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Francis Muli

Written by Francis Muli

Senior reporter at Kahawa Tungu, Muli has a passion for human interest stories. He believes in unearthing societal rots that have been hidden from the public eye. He has also carved himself a niche in writing business stories. He has worked for various organisations including Kenya Television Service, Business Today among others. Follow him on Twitter @FmuliKE.

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