NSSF Boss Pleads Over Sacking

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NSSF Boss Pleads Over Sacking

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The Nation (Nairobi)

September 4, 2008

News Article By Dave Opiyo

Embattled National Social Security Fund (NSSF) managing trustee Racheal Lumbasyo on Wednesday asked Labour minister John Munyes to rescind a decision to replace her.

Mrs Lumbasyo, who was sent on compulsory leave last week, spoke for the first time about the move, saying it was the most trying moment of her life.

Mrs Lumbasyo said that the bad blood that existed between her and Labour minister John Munyes arose from the minister's lack of information on the fund's achievements.

"I believe that once he gets the proper information about what has been happening here, there would definitely be a change of heart and work will go on as normal," said Mrs Lumbasyo.

The NSSF boss declared that she was still in charge of the workers' pension scheme -- at least for the next three months.

"Whatever happens after my contract ends is not my decision," she said.

Mr Munyes last week announced that he had sent the managing trustee on 90 days leave pending her retirement to pave way for investigations into the management of the national pension fund.

He also announced the appointment of marketing and public relations consultant Fred Rabongo as the new acting chief executive.

However, the fund's board of trustees, Head of Public Service Francis Muthaura and Prime Minister Raila Odinga rejected the new appointment saying "due process was not followed."

And yesterday, Mrs Lumbasyo disputed claims of gross mismanagement, saying that under her watch, NSSF registered a massive turnaround.

In the last four years she said, the fund had registered unprecedented growth in its financial base from Sh50 billion in 2004 to Sh90 billion this year.

The fund, she added, had also increased the interest on members' contribution to five per cent per annum.

"The minister's allegations that we have been involved in graft have no basis. We have done nothing wrong to warrant the treatment he's giving us."

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