enyands wrote:Ericsson wrote:NSSF board chairman Kariithi Murimi has tendered his resignation citing frustration from powerful forces.
This was after the fund posted its 2013/2014 financial statements period ending 30 June 2014 where;
Assets grew from sh.134.9bn to 153bn
Value of quoted equities at sh.56.3bn represents 40.85% of the investment portfolio.
Interest on members funds is at 12.5%
Its become tight in the nys,so let's go to nssf
The resignation of one Kariithi Murimi "speaks volumes".
The Gentleman is rare as they exist in Kenya in terms of ethics & professionalism.
If he felt his tenure there will compromise his reputation, I think that's why he bowed out before the ship started leaking-corruption at his helm.
Very sad,in Kenya those who distinguish themselves ethically are frustrated by the "mafia/cartel/politics" and they quit instead of ruining their reputable careers.
Soon or Later NSSF will have another "scandal" brewing. Am optimistic...but that's has been the trend in NSSF.
Live your life well, don't settle nor conform to people expectations. It's one of the best way to live life full of bliss and contentment.