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{
    "id": 1370046,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1370046/?format=api",
    "text_counter": 128,
    "type": "speech",
    "speaker_name": "Lari, UDA",
    "speaker_title": "Hon. Kahangara Mburu",
    "speaker": null,
    "content": " Thank you, Hon. Temporary Speaker. I thank the Chairperson of the Committee on Social Protection for that response. However, I am not satisfied with the response for the following reasons. First, Members of this House are tasked with representation. The people we represent include retired Kenyans. Those Kenyans can only enjoy their retirement if the NSSF invests their money and ensures timely remittance of their dues at the end of every month. Year-in and year-out, those Kenyans are seen travelling from upcountry to Nairobi to follow up on their pension. The NSSF is bogged down in corruption. Every other day, we see headlines about scandals within the NSSF. At some point, COTU sought reforms in the NSSF management to ensure the safety and security of the Kenyan retirees. Question No.3 was about the administrative structures that the Board of Trustees has put in place to guarantee that there is no conflict of interest in the management of the Fund. A while ago, the management sought advice on its management structure from the Public Service Commission (PSC). The Public Service Commission advised them to have seven divisions. However, the NSSF Board still decided to merge some of the divisions in a board meeting. This raises a lot of eyebrows because they merged the finance and investments division. We are all aware that the finance division is supposed to review, approve and audit the statements from the management, the books of accounts and the records. The investment division is supposed to review investment proposals and make recommendations. We cannot have those two departments together. This is equivalent to one person spending money and, at the same time, overseeing its spending."
}