Ekeza Sacco Kenya: Membership, Regulatory Status, Refunds and Contacts

Ekeza Savings and Credit Co-operative Society is a Kenyan SACCO associated with the property and savings ventures promoted by David Kariuki Ngare, widely known as Gakuyo. It attracted members who hoped to save money, access credit and invest in property. Ekeza subsequently became the subject of government regulatory action, member complaints and legal proceedings. Anyone with an account, loan, contribution or refund enquiry should verify the society’s present legal and operating status before making financial decisions.

Ekeza Sacco

Is Ekeza Sacco registered and authorised to operate?

The legal status of a cooperative and its authorisation to conduct particular financial services are not the same thing. Kenyan SACCOs are registered through the cooperative system, while the SACCO Societies Regulatory Authority (SASRA) licenses deposit-taking SACCOs and authorises certain specified non-withdrawable-deposit businesses. Some societies fall under other cooperative supervision depending on their activities.

SASRA publishes its annual licensed deposit-taking SACCO list and authorised non-withdrawable-deposit SACCO list. The 2026 publication covers licensed, authorised and restricted SACCOs. The existence of Ekeza’s name in a news article, court proceeding or old transaction message is not proof of current authorisation. I could not independently establish an active, valid Ekeza payment or branch operation through current authoritative records. Confirm the exact status directly with the relevant regulator before transacting.

Ekeza Sacco and member refunds

Members of Ekeza have faced disputes concerning savings and property-related investments. Government action against the society was reported in 2018, followed by reinstatement in 2019. Later management and refund arrangements were reported. As of October 2026, proceedings connected to Ekeza and its former leadership have remained in the courts. Refund amounts reported in older interviews or news stories should not be assumed to represent a member’s present balance or a guaranteed future payment.

In October 2026, Business Daily reported on continuing criminal proceedings concerning allegations involving more than KSh 1 billion and the founder, who denied the charges. Allegations remain allegations unless resolved by a competent court. An unrelated September 2026 Cooperative Tribunal ruling in a loan dispute did not conclusively determine the society’s current registration status.

How to confirm your membership or savings record

  • Find your membership number, signed application form or cooperative membership certificate if available.
  • Gather M-PESA confirmations, deposit receipts, bank records, statements, loan agreements and correspondence.
  • Contact the State Department for Co-operatives or relevant county cooperative office to request guidance on the society’s current records, management and any claims procedure.
  • If your issue concerns regulated SACCO business, ask SASRA whether the matter is within its mandate.
  • Submit a formal written enquiry stating the amount, dates, member details and remedy sought.
  • Keep copies of all submissions, acknowledgements and official responses.

Does Ekeza currently offer loans or investments?

No current Ekeza loan rates, lending eligibility, membership application channel or investment offer could be independently verified from authoritative current information. Do not rely on a quotation or message offering fast loans, property allocations or refunds without confirming that the person or institution is lawfully authorised to deal with your funds. A new payment request should be verified with the regulator and the relevant official financial institution.

How to contact the relevant authorities

State Department for Co-operatives: NSSF Building, 24th Floor, Bishop Road, Nairobi. Telephone 020-2731531-9, email ps@ushirika.go.ke. The office deals with cooperative registration, inquiries and complaints through the applicable administrative arrangements.

SASRA complaints: the regulator publishes a complaints form and instructions at its official website. For matters within SASRA’s supervisory mandate, the contact email is complaints@sasra.go.ke. For an active court case or complex claim, obtain advice from a qualified Kenyan lawyer or the relevant tribunal registry.

Financial safety advice

  • Do not send money to a person who promises a guaranteed refund or membership reinstatement.
  • Do not share a bank PIN, M-PESA PIN, OTP or identification scan with an unsolicited caller.
  • Check any supposed paybill and recipient directly with the receiving institution and regulator.
  • Keep originals of receipts and documents in a safe place.
  • Seek independent professional advice before signing a waiver or settlement.

Official contacts, regulatory information and sources


 

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