Ksh4.02B Mismanaged NSSF Funds Expose Massive Governance Collapse
By News Desk
A recent audit of the National Social Security Fund (NSSF) has revealed shocking mismanagement of Ksh4.02 billion, raising serious concerns over oversight and governance at the Fund.
The findings indicate that billions meant to secure the retirement benefits of Kenyan workers were either misallocated, poorly invested, or left unmonitored, pointing to systemic failures within the institution. Stakeholders and members are now demanding urgent accountability from the Board of Trustees and management.
Government and labor representatives have called for a full-scale investigation, warning that continued mismanagement could erode public trust and threaten the financial security of millions of contributors.
“This level of mismanagement is unprecedented and reflects a governance system in crisis. Kenyans deserve transparency, accountability, and protection of their hard-earned savings,” said a leading labor advocate.
The NSSF has pledged to cooperate with all investigative bodies and implement corrective measures to restore credibility and safeguard contributors’ funds.
