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{
    "id": 161008,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/161008/?format=api",
    "text_counter": 397,
    "type": "speech",
    "speaker_name": "Mr. Munyes",
    "speaker_title": "The Minister for Labour",
    "speaker": {
        "id": 187,
        "legal_name": "John Kiyonga Munyes",
        "slug": "john-munyes"
    },
    "content": " Mr. Temporary Deputy Speaker, Sir, I rise to make the following Ministerial Statement. The first issue is the status of Kshs2.3 billion that the National Social Security Fund (NSSF) invested through Discount Securities Limited. The NSSF invested through Discount Securities Kshs2.3 billion between August, 2004 and 2007 to purchase shares on its behalf. The total cost of delivered shares is Kshs1.1 billion while the cost outstanding share certificate is Kshs1.2 billion. Out of the undelivered value of Kshs1.2 billion, Discount Securities Limited has acknowledged owning the National Social Security Fund's (NSSF) shares of Kshs517,841,000, while disputing Kshs683,302,000. The NSSF maintains that the outstanding amount is Kshs1.2 billion inclusive of Kshs683 million. The NSSF has also indicated that the Discount Securities Limited remitted Kshs11.3 million being dividends to the Fund with respect to the above outstanding amount."
}