Hundreds of investors are a worried lot after houses they paid for through Urithi Housing remain unfinished at Joska area of Machakos County.
The project dubbed OTG had an original plan of an estimated 300 units which were to be delivered by the end of 2019 but the project is yet to be completed.
This is not the first time Urithi is facing questions over the multi-million project as some time in 2019, the investors had mobilised themselves to a demonstration, prompting the management of Urithi Housing to be on the defensive over why the project had stalled.
They (Urithi Housing) claimed the 2017 presidential elections turmoil had negatively affected their financial standing but they had stabilised last year for the project to be concluded.
That the year has gone and 2020 is here has left investors worried that Urithi may go the same way other saccos had gone in the recent past, best example being Ekeza Sacco which folded up with billions of investors money.
Efforts by Kurunzi to get the management of Urithi Housing to clarify on the matter have borne no fruit as calls went unanswered and neither have texts or other correspondence been responded to.
Follow Kurunzi News for exclusive revelations on the goings-on at the housing Sacco society that faces the spotlight on a year that the government through the saccos regulator (SASRA) has promised to crack the whip on ‘rogue institutions as directed by President Uhuru Kenyatta’ during the centennial celebrations to mark 100 years of the Sacco movement in Kenya.