‘Closure’ of Thika-based sacco leaves members anxious

Paul Ndung’u @PeopleDailyKe

Directors of a Thika-based real estate company have been summoned by the Laikipia Co-operative Development office following the alleged abrupt closure of their Nanyuki branch office.

The move by Angaza Afrika Saving and Credit Co-operative Society (Sacco) to close down the office without notice has caused alarm among the more than 200 clients who have either bought land through the office or have been saving with the sacco.

“I have spent Sh1.5 million buying five parcels of land in Laikipia since 2016 through this company. I have been promised my title deeds and I have come to enquire after I heard the offices have been closed,” said Naomi Wanjiku, a member.

Although the management of the sacco maintains they have not closed down but are being faced with financial constraints, depositors and those yet to get their title deeds have questioned the discreet manner the sacco has been dealing with the issue.

“We shall continue with our operations in Nanyuki town and we are currently scouting for a cheaper office. Our clients should know that their deposits are safe and all title deeds would be processed,” said pastor Ephantus Maina, the project and customer care manager at the company.

Another client, Patrick Mwaniki, said he has been saving with the sacco for two years and is yet to receive a loan. “We are calling on the government to intervene and save the situation,” he said.

Laikipia East Co-operative officer Murigu Nyambura said he has summoned the directors of Angaza Afrika Limited to appear in his office today. Currently, the sacco which is headquartered in Thika, has 18 branches in Nairobi, Mombasa, Nyeri, Nakuru, Murang’a, Ol Kalou and Embu.

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