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Kenya's NSSF risks losing Sh1.5bn in dispute with Jirongo firm
Photo/File
Members of Public outside the Social Security House building that houses NSSF. Sololo Outlets is seeking to compel NSSF to honour a pledge purportedly made by a former managing trustee in a fresh suit that could see it (NSSF) lose Sh1.5 billion.
The National Social Security Fund (NSSF) could lose another Sh1.5 billion in a fresh suit where Sololo Outlets is seeking to compel it to honour a pledge purportedly made by a former managing trustee.
The firm, owned by Lugari MP Cyrus Jirongo, claims that Alex Kazongo promised to pay the amount as part of the deal to review its claim from Sh1.39 billion to Sh490 million in a recent arbitration.