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Auditor: NSSF to lose billions over stalled Hazina Towers

The National Social Security Fund stands to lose billions of shillings over the stalled construction of Hazina Trade Centre in Nairobi, the Auditor General has disclosed. The building currently houses Nakumatt Lifestyle branch. PHOTO: COURTESY

The National Social Security Fund stands to lose billions of shillings over the stalled construction of Hazina Trade Centre in Nairobi, the Auditor General has disclosed. The building currently houses Nakumatt Lifestyle branch.

The Auditor General said yesterday the continued stalemate with Nakumatt Holdings over the construction of an additional 36 floors is likely to lead to escalation of costs and possible claims for compensation by the contractor.

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