John Munyes

All parliamentary appearances

Entries 271 to 280 of 387.

• 18 Feb 2009 in National Assembly: The role of the Board of Trustees performs the functions assigned to it under the NSSF Act, mainly to oversee the registration of members of the scheme; collect contributions for members as described by the Act and pay claims to retirees on demand. They make recommendations to the Ministry of Labour for appointment of the Managing Trustee; appointment of the officials of the Fund as may be necessary for the efficient management of the Fund; determine investments of the surplus as permitted by the Trustee Act with the approval of the Ministry of Labour and Ministry of Finance. The Board ... view
• 18 Feb 2009 in National Assembly: Following the dissolution of the Board, I intend to constitute a new Board to manage the affairs of the Fund, but could not proceed when Central Organization of Trade Unions (COTU) went to court and obtained a court order restraining me to take further action. The matter is still pending in court. As I speak now, I think that the matter is being settled out of court. Consequently, the Fund has view
• 18 Feb 2009 in National Assembly: 5046 PARLIAMENTARY DEBATES February 18, 2009 view
• 18 Feb 2009 in National Assembly: remained under the management of the Acting Managing Trustee, Mr. Odero who is dealing with the day-today operation matters as described by the NSSF Act. Matters that were being discussed by the Board have been held in abeyance until the Board is in place. view
• 18 Feb 2009 in National Assembly: With regard to the appointment of a new Board of Trustees, I am unable to constitute the new Board because as I said, there is a court order in place. Further action awaits the court. As I said, we will be settling this issue out of court. My Ministry has requested the Attorney-General to expedite all the matters that are pending in court. I also want to add that as soon as we got the Report of the Inspectorate of State Corporations on all the allegations concerning the NSSF, we wrote to the Kenya Anti-Corruption Commission (KACC) to forward those ... view
• 18 Feb 2009 in National Assembly: Mr. Temporary Deputy Speaker, Sir, first, there is always only one Managing Trustee, appointed or acting. We cannot have two Managing Trustees. I want to support the Motion that is coming to the House to review the National Social Security Fund (NSSF) Act, so that in case we get into a problem like this one, the Minister or somebody else can Fe bruary 18, 2009 PARLIAMENTAR Y DEBATES view
• 18 Feb 2009 in National Assembly: Mr. Temporary Deputy Speaker, Sir, the first question was why we are having one Managing Trustee. We can only have one Managing Trustee at a time. The issue of the Discount Securities Limited is a very confusing one. We, as the Government, need to take action on this. The matter has been brought to the relevant Parliamentary Committee. They have acknowledged that they will pay Kshs517 million. They have disputed the value of Kshs693 million. When they are asked whether they have the Kshs517 million, they are even ready to give it. My role is very clear on this matter. ... view
• 18 Feb 2009 in National Assembly: The third issue is about the recovery of funds, which have been lost. We have the report. We stand to lose about Kshs9.1 billion from all the cases. These cases are with the KACC. I have done my bit. I have listed all the cases and presented them to the KACC. The audit is by the Capital Markets Authority (CMA). The CMA is auditing the funds which have been lost through the shares. The NSSF Board will not spend money on those investigations. In any case, the Board is not in place. We are waiting until the Board is in ... view
• 18 Feb 2009 in National Assembly: Mr. Temporary Deputy Speaker, Sir, there are so many issues about the CMA and the forensic audit. As far as the NSSF is concerned, we want to conduct our own forensic audit. view
• 18 Feb 2009 in National Assembly: With regard to the Federation Kenya of Employees (FKE) and COTU, this matter is difficult. As a Minister, I cannot work without the Board. The FKE and COTU were implicated by the report. The proposal is that we should put another Board in place and suspend these institutions. The matter went to court and it will take ages in court. We cannot work without a Board. I have decided to appoint the Chairperson independently and then the KFE and COTU, our social partners, should give us names. If they give us those names, it is then for the KACC to ... view