On Saturday, January 7, investors in Thika town, Kiambu county, took to the streets, demanding justice after a land-buying company allegedly defrauded them of millions of shillings.
According to some of the investors, when they tried to get their money back, the company led them on a wild goose chase.
“You sacrifice your money to buy a piece of land, but the company just delays the process,” one investor lamented.
They went on to say that the company promised to issue title deeds two weeks before the August 2022 General Election, but that promise was never kept.
“We are requesting that the government investigate this matter and ensure that other Kenyans do not suffer the same fate. I have information that the company intends to rebrand, which means that those who purchased land in the past may lose money “Another decried.
Bishop Gakuyo of the Gakuyo real estate firm came under fire in 2017 after thousands of investors claimed they lost billions of dollars while attempting to buy land through his then-famous firm.
The tycoon was ordered to refund more than Ksh2.5 billion to investors in his firm.
Kenyans looking to buy land are advised to exercise caution and avoid falling into traps set by fraudsters posing as legal companies.
