NSSF boss defends Sh5bn city housing plan
The NSSF board has defended itself against accusations that it irregularly allocated Sh5 billion for a Nairobi housing project.
In a document date January 8 and signed by acting Managing Trustee Richard Lang’at, the board said due process was followed in approving the cash, with five of the six members approving the amount.
The board also said the amount was Sh4,629,168,275.70 and not Sh5.053 billion as alleged by Mr Francis Atwoli.
Mr Lang’at revealed that among all the board members, it was only Mr Atwoli who neither approved nor objected to the recommendations.
“A Board of Trustees approval was sought through circulation and five out of six current members approved the revised cost estimate of Sh5.053 billion inclusive of consultants cost…the sixth board member, Mr Francis Atwoli neither approved it nor did he object,” he explained.
Those who approved the project included Mr Lang’at, Mr Mohamed, Mr Ali Noor Ismail, Mr Mutua Kilaka and Ms Jackline Mugo.
Ms Mugo has, however, distanced herself from the deal.