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{
    "id": 188988,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/188988/?format=api",
    "text_counter": 204,
    "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. Deputy Speaker, Sir, I have two statements to make concerning the National Social Security Fund (NSSF) plots. The first one is why the matter went to the Press. The response is that on Tuesday 8th July, 2008, the Kenya Times published a story titled: \"Land saga at NSSF\". The article had misleading information to the effect that the Fund had received Kshs140 million from the purchaser who had offered Kshs1.4 billion. Also the Fund later on declined the earlier offer of Kshs1.4 billion and accepted an offer of Kshs1.3 billion. The Board of Trustees while attending a Board meeting that was scheduled for the 8th July, 2008 discussed the article and noted that the same was misleading. The Board resolved that the article had to be responded to because it was giving a wrong information to the public. The article that was published on 11th July, 2008 in the Kenya Times, Daily Nation and the Standard Newspapers was meant to clarify the correct position and was in response to the story that appeared in the Kenya Times of 8th July, 2008. Mr. Deputy Speaker, Sir, let me now respond to the statement the Member wanted on the sale of LR NO.209/11412 and 209/12287. They are about five plots. The above five titles of land herewith referred to as the properties belong to the National Social Security Fund. The properties were bought for Kshs880 million between 1991 and 1994. The properties were advertised in the Press on various occasion in 2002, 2004 and 2006. Several buyers expressed interest to purchase the properties and the following wrote to the Fund and made the offers: Elaton Supplies, Kshs850 million, Synergy Management Group, Kshs1.265 billion, Libya Africa Investment Portfolio, Kshs1.37 billion, Kaplan and Stratton Advocates, Kshs1.44 billion and Delta Square Limited, Kshs1.37 billion. All the above were evaluated. The highest was Kshs1.4 billion and was not favourable to the Fund, in that, 10 per cent deposit was not put in an escrow account until completion with interest accruing, therefore, to be paid to the purchaser instead of the Fund."
}