Lesedi Developers Statement After Reports of Swindling Ksh 1B From Kenyans

A collage of some of the properties advertised by Lesedi developers.
A collage of some of the properties advertised by Lesedi Developers.
Lesedi

Geoffery Kiragu, the Director of Lesedi Developer, on Wednesday, January 11 denied reports that his company swindled more than Ksh1 billion from its clients. 

In a statement shared by Kiragu and seen by Kenyans.co.ke, the director of the real estate company stated that the claims were "unfounded and unjust" to the reputation of the company. 

While acknowledging that there were challenges in meeting the expectations of clients, the director stated that his company was working to fulfil the clients’ rights of owning property. 

A collage photo of some of the properties advertised by Lesedi Developers.
A collage photo of some of the properties advertised by Lesedi Developers.
Lesedi

Kiragu referred to the Ksh1 billion amount reported to have been swindled from clients as ridiculous in his defence against the reports that had gone viral for the better part of the day. 

“The accusations being made against us are not only unfounded but also an injustice to our company's reputation. Real estate is a business that provides opportunities for investors to own property. Like all other ventures, there are evolving difficulties.

The allegations of scamming and conning people are ridiculous and completely untrue. We procure land and have overheads," the statement read in part. 

In addition, the director affirmed that his company would eventually deliver to its customers under what he termed as the "right environment". 

The media had reported growing concerns among its clients who hoped to at least get a refund of their money paid to acquire plots in various places.  

According to some of the reported cases, clients hoping to own land bought into the rigorous advertising campaigns ran by the company and paid the price tags placed on their desired properties, only to be taken through circles. 

In one of the testimonies, a client told the Nation that he paid for a 40 by 80 feet piece of land- only to find out later that the land available on the ground was 30 by 76. 

To complicate the situation further, the client revealed that the ownership of the land in question was contested by another person who claimed to own it legally. 

Their predicaments went from bad to worse when the director, allegedly, opened another company with a different name. 

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Ardhi House, Lands Ministry headquarters in Nairobi
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