@BdAfrica

Gakuyo fights Sh1bn surcharge in court - 2 months ago, 14 Mar 22:05

Galgallo Fayo

Controversial televangelist David Kariuki Ngare, popularly known as Gakuyo, has moved to court seeking to regain control of Ekeza Sacco and quash a surcharge for Sh1 billion allegedly siphoned from the cooperative.

Gakuyo is contesting the findings of an audit report by Commissioner of Co-operatives that exposed massive fraud in the savings and credit co-operative (sacco).

He says the report informed the decision to oust the management of the sacco and demands for televangelist to pay Sh1 billion that was irregularly withdrawn from the firm.

The televangelist also seeks to prohibit implementation of any of the report's recommendations.

Th recommendations include dissolution of the management committee and its replacement with a new team, surcharging Gakuyo and his firm Gakuyo Real Estate Limited Sh1 billion and a fresh audit of the sacco’s books for 2017 and 2018 financial years.

According to the report more than Sh1 billion belonging to 78,000 members, mostly peasants, of the troubled ...
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