Audit says idle NSSF properties violate investment law
The audit reveals that NSSF held investment property valued at Sh35.45 billion as of June 30, 2025, including five prime CBD properties worth Sh4.02 billion that remained idle throughout the year. Kenya breaking news | Kenya news today |..
✨ Key Highlights
An audit report for the year ended June 2025 has revealed that idle prime properties owned by the National Social Security Fund (NSSF) in Nairobi's Central Business District (CBD) are undermining investment returns for pension contributors.
- NSSF held investment property valued at Sh35.45 billion as of June 30, 2025, with five CBD properties worth Sh4.02 billion remaining idle.
- The Auditor-General's report found that these idle assets breached Section 1.5.2 of the NSSF Investment Policy Statement, 2020.
- The audit also noted that beneficial ownership of the idle CBD properties could not be confirmed, contravening statutory requirements.
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NSSF Properties Audited, KRA Launches Integrity System, and Boma Yangu Registrations Exceed One Million - February 2026
An audit report for the year ended June 2025 has revealed that idle prime properties owned by the National Social Security Fund (NSSF) in Nairobi's Central Business District violate investment law and undermine returns for contributors. To improve governance, the Kenya Revenue Authority (KRA) has launched a new technology system to enhance staff integrity and improve service delivery. KRA Commissioner George Obell stated the system aims to increase transparency and accountability. In another government initiative, registrations on the Boma Yangu platform have surpassed one million, indicating high demand for the Affordable Housing Programme. This milestone is seen as a sign of growing public confidence, despite housing construction lagging behind demand.
