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Caroline Mutoko and Maina Kageni Caught in the Middle of a Multimilion Land Scam

Radio Africa Group Chief Operating Officer Caroline Mutoko and ‘sweet tongued’ Classic 105 presenter Maina Kageni have been caught in the middle of a massive ‘land scam’ where buyers have reported to have lost millions of shillings.

Caroline Mutoko is among members on the spotlight after buyers complained to the Consumer Federation of Kenya (COFEK) that they lost millions of shillings in land buying deals through a company in which she is a board member.

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COFEK says it has received numerous complaints regarding PRC, a company styling itself as selling land with “exaggerated” projected earnings in green-houses. One of the buyers who reported the case to the consumer lobby said he had lost Ksh 167,000 after buying three plots and three greenhouses investing in Aberdare-3 more than one year ago.

Ms Mutoko, a former Kiss 100 FM radio breakfast show host, is listed by COFEK as a Member of the Finance, Strategy & Investment Board Committee at PRC.

According to COFEK, nearly all complainants cite the company, like many other property firms, adversely on over-delayed and, in many cases, refusal to grant refunds – following breach. The company became famous when it advertised on the popular week-day morning shows on Classic 105 FM and NTV’s Churchill Show programme.

The Churchill show is run by Daniel Ndambuki (Mwalimu Churchill), who co-hosts the Classic FM morning shows with celebrity presenter Maina Kageni.

Here is the complaint filed by a buyer who invested Ksh 1.647 million with a promise that it would earn Ksh 250,000 per greenhouse every six months. He has chasing the money for more than one year despite accruing loan financing.

“Last year I heard an advertisement through Maina Kageni Classic FM show to buy plots and greenhouse at Aberdare-3. I reached out to them and after doing research of the firm, I was comfortable enough to buy 3 plots and 3 greenhouses investing in a total of Sh1,647,000.

The promise was to earn 250,000 for half year per greenhouse. Six months later, we were expecting the first pay and they had not started. No title. I requested for a refund because the contract was breached and they started taking me round in circles with funny excuses like they were being audited.

It has been 1 year of painfully paying for a loan which am struggling with yet the company is existing and making profits. It is painful to see the CEO of that company do (sic) a weeding of 1 million dollars while my refund cannot be paid. Who can help me get justice. Am really desperate.”

Kenyans have previously been duped with lucrative deals advertised in the media. Early this year, 7,000 buyers who had cumulatively paid millions of shillings to Bishop David Ngari, chairman of Ekeza Sacco and Gakuyo Real estate firm to benefit from housing scheme in Murang’a were left in distress when they went for a meeting only to find none of homes was ready. The buyers later found out they were scammed.

-Business Daily

kenyanwiki

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