Samuel Maina-led Urithi Housing Sacco that is facing a backlash for not honouring their promises since 2015 is shamelessly blaming clients.
Through an article in a local least know blog stated that the Mr Maina who is also the Chairman of Urithi said that “The organization is owed more than 2.5 billion shillings and this has contributed immensely in the economic deterioration”.
Maina further said that he wished the clients would “pay their dues in time”.
The thieving founder of Urithi Sacco talks this way against the backdrop of unfulfilled promises such as the issuance of title deeds for lands purchased etc.
Urithi’s more than 32,000 members are counting their losses. Many had taken bank loans to finance their purchases and are dealing with double losses, given that they have nothing to show for the money.
The losses run into billions of shillings, Urithi having run out of lies to feed its investors. Some have waited for more than eight years, and are coming to terms with the fact that they have lost their investment.
Those disgruntled clients have now formed a Telegram group where they share on how to tackle the company.
Many have shared heart-breaking stories of deceit by the Urithi Directors.
Potential investors were drawn to the projects by enticing adverts, well-planned trips to view the land, with mega groundbreaking ceremonies and artistic impressions of what their future homes would look like.
In 2019, word broke out that members who had paid 100 per cent for their houses to be constructed at Joska-Kamulu in a project christened OSTEEN TERRACE hadn’t seen anything tangible done on the ground.
“The plan was to build houses in 24 months (2 years) and hand them over to clients by the end of 2018. Unfortunately, this never happened as houses are halfway done and no work is going on. Many of the members who paid 100% are now crying as no word is coming from Urithi Sacco management. We don’t want to lose our money like what’s happening to Ekeza Sacco”, one client of the rogue Sacco said.
Another scammed client stated in a long post,
‘I’m a member of a group that had bought land with Urithi way back in 2016 and as is the norm, the moment you buy your property, you are issued with a title deed. But what happened was that Urithi sold us a parcel of land that they did not have ownership of.
They have made endless excuses since then on how they are working to get us titles. So some of the people who we had, bought land with proceeded to construct their houses since they have certificates of ownership to the land while some have sale agreements to the land.
The promise was that they would own the homes within a relatively short time and the payment schedules only sweetened the deal.
But the moment they erected the shell of their houses, they were violently stopped by the owner of the land who had purportedly sold to Urithi and they were advised to cease their construction activities until Urithi pays the land owner, lest they have the shells of the houses destroyed.
It has been an argonizing journey, a series of back and forths with Urithi recycling their lies to us and they have bribed almost everyone where we knock to get assistance from. When you peruse through their twitter page, you will see so many people some from as far as Malindi, Nakuru everyone complaining they don’t respond to their emails because they haven’t issued them with titles and its the same game they are playing on us that they are playing on them.
And also, we have been following up on the Ekeza case. Urithi had taken a loan of 500 million from Ekeza and so I can rightly put it that Urithi partnered with Ekeza to skim off the Ekeza people.
All I or we want are our title; I have sweated so much and the first savings I’m making to get a place to settle my family. What Urithi are doing is screwing us right where the politicians have left us to rest. I kindly implore you, please, highlight this scam by Urithi Housing Cooperative Society.
It’s been dark, the fraud continues, the fraudsters have not been apprehended by authorities for conning a lot of people, denting the investor confidence in the real estate sector in Kenya.
Samuel Maina and his fellow directors should be arrested. He continues to buy his time out here, conning people. This should not be the case.