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NSSF fights Shah Munge court bid to block shares sale
Shah Munge seeks to block an attempt by NSSF to sell its NSE shares. PHOTO | FILE
The National Social Security Fund (NSSF) wants the High Court to disregard an application by collapsed stockbroker Shah Munge that seeks to block the sale of its Nairobi Securities Exchange shares to settle Sh258 million it lost in the 2002 Eurobank scandal.
Shah Munge returned to the High Court in September to block an attempt by the pension scheme to sell its NSE shares, arguing that it had already notified the Court of its intention to appeal a 2009 judgment in which Justice Luka Kimaru ruled that it compensates NSSF the monies it lost in the scandal.
