The Auditor-General has flagged non-performing investments worth Sh630.3 million on the books of the State-controlled National Social Security Fund (NSSF), revealing assets that have either become worthless or failed to generate returns.
The dead portfolio includes stakes worth Sh161 million in UAP Holdings and Sh247 million in Consolidated Bank, with the total investment in the two firms standing at Sh408.7 million in the year ended June 2022.
