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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Fund Management/Administration

State auditor exposes rot at the NSSF

Posted on 06 July 2009

From Nation.co.ke: Billions of shillings held by the National Social Security Fund can‘t be properly accounted for even as the fund continues flouting rules governing the pensions industry.

An audit report seen by the Sunday Nation portrays a loosely regulated statutory fund still losing cash hand over fist through sheer incompetence or probably outright conspiracy - including in the traditionally murky arena of property………Full Article: Source


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