NSSF board member distances self from Tassia project
13 February 2014, 10:34
Nairobi - The controversy surrounding the contentious Tassia II project has taken a new twist after a board member claimed she had not approved the scheme as earlier reported.
Jacqueline Mugo, who is also the Federation of Kenya Employers Chief Executive Officer, said the contentious project did not offer any profitability value to the contributors of the National Social Security Fund hence she had not accepted it.
She was speaking when she appeared before the Public Investments Committee over the controversial NSSF’s project which is estimated to cost the pension fund more than KES 5 billion in cost of developing the land.
Mugo, who is also a member of the NSSF board, denied approving the project email saying that it was inappropriate and that the board could always meet even on holidays if a matter was deemed to be urgent.
“I did not approve of the project because it was not profitable. I also did not see the documents stating that the Nairobi County government ordered us to construct roads and sewerage systems,” said Mugo.
Tassia II project was sold to private developers and the board claimed that the County government ordered them to construct access roads, sewerage and other amenities to serve the new owners.
“The Acting Managing Trustee should have convened a formal meeting of the Board of Trustees to deliberate on the project. The idea of spending a colossal sum of KES 5 billion on a project based on a purported email approval is indeed ill-advised,” said Ms Mugo.
The contract was given to China Jiangxi in what has been termed as a questionable manner and unprocedural.
– CAJ News
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