Nairobi Assembly Probes Stalled Jeevanjee Housing Project After Sh387m Sacco Payments
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Nairobi's county assembly has launched an inquiry into delays in the Jeevanjee Housing Project by Jabavu Village Limited after Taqwa Sacco members paid Sh387 million toward homes that remain unbuilt.
The Nairobi City County Assembly's Planning and Housing Committee has launched an inquiry into the prolonged delay in completing the Jeevanjee Housing Project, being undertaken by Jabavu Village Limited.
The move follows complaints from Taqwa Sacco, which says more than 200 of its members invested in the housing development and have collectively paid Sh387 million to Jabavu Village Limited.
Speaking before the committee, Taqwa Sacco representative Dunia Abdi Jarso said the stalled project has created a financial and governance crisis within the SACCO, with members increasingly accusing officials of colluding with the developer to defraud them of their savings.
“We have been seeking intervention from different stakeholders, including the Senate, the Governor, the Ministry of Housing and others. This project was meant to address the housing demand and provide Kenyans with decent homes,” Abdi said, adding that many investors had committed life savings, including pensioners and workers hoping to secure homes on retirement.
Committee chairman Geoffrey Majiwa said the committee would move swiftly to establish the circumstances that led to the project stalling despite substantial financing being available. He said questions have emerged over the use of funds, including a reported Sh1.9 billion loan allegedly secured using a county title deed.
“We have summoned the investor, including the directors and the chairman of the company, county officials and the affected investors. We want clarity because the figures involved run into hundreds of millions of shillings,” Majiwa said, noting the project was supposed to be delivered within two years but remains incomplete seven years later.
The inquiry is expected to examine the project's financing, implementation timeline, contractual obligations and the role of county officials in overseeing its execution.