The financial row between Ekeza Sacco and its depositors has now taken a new twist.
This comes after the investors stormed Gakuyo Real Estate's head office at Yala Towers and were allegedly welcomed by a notice reading that the institution's offices had been closed indefinitely due to disturbance caused by customers.
According to a news report by Kameme TV on Monday, the embattled customers have since formed an association dubbed Gakuyu's victims to fight for their plight. The association is under the leadership of Mark Mureithi.
“Most of the members are young middle-income earners who strain to save as little as they can. We had big aspirations only to be tricked,” said Mureithi.
The customers further disclosed that they would be attending a church service at the Calvary Chosen Center where Ekeza Sacco chairman David Kariuki Ngari is a bishop, to seek his address.
Trouble rocked the financial institution early last year after an 'expose' by KTN prompting deregistration by Commissioner for Co-operative Development.
The government initiated the liquidation process in April last year to pay its depositors after it was deregistered. It is reported that the holding company has a debt of Sh3 billion owed to its customers.
Depositors have claimed that their efforts to have a word with the Sacco's chairman have borne no fruits as he keeps avoiding them.
Ekeza Sacco which is an affiliate company of Gakuyo Real Estate was accused of defrauding 7,000 aspiring homeowners.
The real estate company has housing projects in Thika, Nakuru and Murang'a.