NSSF Under Fire Over Ksh4.02B in Mismanaged Funds

The consumer rights body demands urgent intervention from Parliament to prevent what it terms as a possibility of loss of public funds...

✨ Key Highlights

The Consumers Federation of Kenya (COFEK) has raised serious governance and financial management concerns at the National Social Security Fund (NSSF), citing the Auditor-General's report for the period ending June 30, 2025.

Ksh4.02 billion worth of prime NSSF properties in Nairobi's CBD remain idle and undeveloped, with concerns over legal ownership.
Key organizations and individuals involved include COFEK, the NSSF, and its CEO David Korros, with a call for parliamentary oversight by the Public Investments Committee (PIC).
The audit also highlighted Ksh163 million in lost member records, stalled projects like the Nyayo Embakasi Estate Phase Four valued at Ksh2.15 billion, and irregular allowances totaling Ksh21.2 million.

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