Bishop Gakuyo Resurfaces After Refunding Billions

  • a
    Bishop Gakuyo addresses a gathering in Kiambu in 2018
    File
  • Pastor David Kariuki Ngare, famously known as Gakuyo, resurfaced with a stern warning to his detractors, whom he alleged had orchestrated his downfall. 

    In a video shared on social media platforms on Monday, July 13, Gakuyo pointed a finger at former Kiambu Governor William Kabogo, who had warned Kenyans against investing their money in Gakuyo's businesses.

    The tycoon was ordered to refund billions after allegedly duping clients to contribute over Ksh2.5 billion which he called property investments.

    "There are several people in Kenya who are hell-bent on destroying other people's businesses. I want to vividly confront Kabogo and Kuria (Gatundu South MP Moses Kuria) that they are citizens who are not mindful of Kenya's economy. Your business is to kill other people's businesses," Gakuyo stated in retrospect of the warning Kabogo had issued.

    Former Kiambu Governor William Kabogo (centre) with Gatundu South MP Moses Kuria (right) during a launch of a project in Gatundu South in 2015
    Former Kiambu Governor William Kabogo (centre) with Gatundu South MP Moses Kuria (right) during a launch of a project in Gatundu South in 2015
    Facebook

    Gakuyo went on to caution Kabogo and Kuria that he would face them head-on and would also not let them undermine President Uhuru Kenyatta's leadership.

    The billionaire alleged that Kabogo and Kuria were turning Mt Kenya residents against Kenyatta. He claimed that the duo was preaching the narrative through the famous Kikuyu phrase jeshi ti ngenu, loosely translated to "we are dissatisfied". The phrase was coined after Mt Kenya leaders accused the head of state of suppressing politicians and development in the region

    "Ekeza employed 6,000 Kenyans. In your lifetime, how many people have you employed? Kiambu lost it when we elected you as governor. You have turned Mt Kenya against Uhuru. We will face off squarely and I do not mind whether you refer to me as a bishop," Gakuyo ranted. 

    The government took over Gakuyo’s Ekeza Sacco to protect thousands of investors. The action was based on an audit which revealed that over Ksh1.5 billion had been embezzled from the sacco.

    The refund process commenced in January 2020. Gakuyo's plan was to pay 1,500 members in the first phase. It involved those who had saved Ksh 5,000 downwards. The second phase was for members he owed Ksh20,000 to Ksh50,000. Investors who were demanding up to Ksh200,000 would be refunded later on. 

    Gakuyo detailed that the process would take up to two years, given the nature of liquidation strategy he was implementing. 

    Kabogo did not comment on the issue after  Kenyans.co.ke sought his response.  

    Gatundu South MP Moses Kuria addressing the media on May 22,2020.
    Gatundu South MP Moses Kuria addressing the media on May 22, 2020.