Home Politics Major changes loom at NSSF – Weekly Citizen

Major changes loom at NSSF – Weekly Citizen

by kenya-tribune
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Radical changes imminent at the troubled National Social Security Fund (NSSF), targeting top leadership.

High level sources told Weekly Citizen that NSSF board chairman Gen(Rtd) Dr. Julius Karangi is  the immediate target in the simmering overhaul.

Karangi

Karangi was appointment by former President Uhuru Kenyatta as the board of trustees chair in a spate that saw Kdf soilders absorbed in key state jobs.

NSSF CEO Dr. Anthony Omerikwa was in 2019 controversially appointed as managing trustee of body for three years and should be constitutionally out of the office by now.

Dr. Omerikwa

By the time of his appointment, announced by former Labour CS Ukur Yatani, Dr. Omerikwa had been acting as NSSF chief executive for 56 months, way beyond the average CEO’s term of three years and in breach of the State rule that demands temporary occupation of executive positions for a maximum of six months.

Other notable highranking officials (trustees) that have also panicked are Dr. Anne Owuor, Mark Obuya, Peter Mweleli and Prof. Dulacha Galgallo.

Dr. Anne Owuor

An insider told Weekly Citizen that betrayal has rocked the management team.
The revelation comes as managers at NSSF are in the spotlight after an audit revealed multiple uncounted earnings and payments totalling hundreds of millions even as President William Ruto seeks to increase contributions to the fund.

Mark Obuya

In the recent shocking exposé, Auditor-General Nancy Gathungu said NSSF managers also concealed investment revenue amounting to Sh16.6 million from corporate bonds of a company listed on the Nairobi Securities Exchange.

Peter Mweleli

The amount wasn’t entered in the fund’s cashbook.

President Ruto wants to increase monthly NSSF contributions tenfold, arguing that the Sh200 monthly contribution to the fund is too low.

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