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Ekeza Sacco hotels, land and houses to be auctioned soon

Kiambu televangelist-turned-politician David Kariuki Ngare, popularly know as Gakuyo. In about two weeks, the auctioneer's hammer will fall on eight properties owned by his Gakuyo Real Estate, the parent company of the wobbling Ekeza Sacco. PHOTO | MARY WAMBUI | NATION MEDIA GROUP

What you need to know:

  • It will mark the bursting of a bubble created by Kiambu televangelist-turned-politician David Kariuki Ngare, popularly know as Gakuyo.
  • Mr Ngare put up for sale Lillies Hotel in Juja, Salama House and Swift Breeze Hardware on Garissa Road, Thika.
  • Also on sale is a quarry in Murang’a and 250 acres of land in Murang’a and Machakos counties.

In about two weeks, the auctioneer's hammer will fall on eight properties owned by Gakuyo Real Estate, the parent company of the wobbling Ekeza Savings and Credit Cooperative Society.

It will mark the bursting of a bubble created by Kiambu televangelist-turned-politician David Kariuki Ngare, popularly know as Gakuyo, the general overseer of Calvary Chosen Centre, Thika.