NSSF and EACC Under Pressure Over Housing Projects and Fund Management
Serious questions are emerging over the management of housing projects funded by the National Social Security Fund (NSSF) and the oversight role of the Ethics and Anti-Corruption Commission (EACC).
Retirees and stakeholders are raising concerns about stalled projects, unexplained financial gaps, and alleged irregularities involving public funds meant to secure workers’ futures.
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Nyayo Embakasi Revenue Questions
Attention has focused on the Nyayo Embakasi housing estate, which reportedly comprises over 5,000 housing units.
With rent estimated at Sh2,500 per unit monthly, simple calculations suggest potential revenue of about Sh12.5 million per month.
However, reports indicate that official records reflect approximately Sh6 million allocated to service providers monthly, prompting questions about the remaining balance.
Stakeholders are calling for greater transparency and a detailed public audit to clarify revenue flows and expenditure patterns.
Hazina Towers Procurement Concerns
The Hazina Towers project has also drawn scrutiny.
Reports suggest that China Jiangxi, the contractor, was allowed to submit two bids during procurement. Observers argue this raises questions about adherence to public procurement laws.
The project consultant, Tana & Associates, reportedly recommended upgrading the building from 24 to 34 floors, significantly increasing costs.
Initial bids of Sh6.2 billion and Sh6.5 billion were reportedly reviewed, with the final figure later adjusted to Sh6.7 billion.
Audit findings attributed to Ernst & Young further indicate that construction on:
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Nyayo Estate Phase Six (Sh4.6 billion), and
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Tassia Housing Project (Sh5.053 billion)
may have commenced before full approvals were secured.
Several of these projects have reportedly stalled following changes to original plans.
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Oversight and Accountability Questions
Critics argue that reports highlighting these issues have not led to visible enforcement action.
The EACC has not publicly detailed the status of any investigations linked to the projects.
Some stakeholders have questioned whether oversight mechanisms are sufficiently robust to protect retirees’ funds.
COTU Secretary General Francis Atwoli previously raised concerns about delayed action on reports related to NSSF projects.
Public Confidence at Stake
The NSSF manages billions of shillings contributed by Kenyan workers to secure retirement benefits.
Allegations of irregularities, stalled developments, and weak oversight risk eroding public trust.
Calls are growing for:
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Independent forensic audits
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Full publication of project contracts
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Transparent status reports on investigations
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Strengthened procurement compliance systems
Ensuring accountability at NSSF and effective oversight by EACC is critical to protecting retirees and restoring confidence in public institutions.
The matter now places both institutions under renewed public scrutiny as stakeholders await clear answers.
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