National Social Security Fund requires sound investment advice

The National Social Security Fund (NSSF) Board of Trustees is no stranger to controversy. In most cases, it involves millions of shillings.

In 2002 for instance, NSSF held a Treasury Bill with the Central Bank of Kenya (CBK) with a maturity date of August 26 2002 valued at Sh256 million. Acting on the instructions of NSSF, before the date of maturity, CBK rediscounted the Treasury Bill at Sh251,505,500 and the money was paid into the NSSF account at National Bank of Kenya.