T
Originally published by The Standard Business
📰 Read Full Article
July 14, 2026
2h ago

County workers' pension at risk in Sh2 billion Lapfund real estate mess

County workers' pension at risk in Sh2 billion Lapfund real estate mess

The Auditor General has flagged irregular contract changes and project delays that risk the loss of Sh2 billion at the Local Authorities Provident Fund (Lapfund)...

✨ Key Highlights

The Auditor General has raised alarms over potential financial losses totaling up to Sh2 billion at the Local Authorities Provident Fund (Lapfund) due to significant irregularities in real estate projects.

  • Potential loss of Sh2 billion at Lapfund.
  • The Auditor General has flagged unauthorized cost increases and overpayments in projects located in Kisumu and Nairobi.
  • These financial irregularities raise concerns about potential bypasses of standard procurement laws.

Continue Reading

Read the complete article from The Standard Business

📰 Read Full Article
Advertisement
Advertisement