Nyoro suspended over claims NSSF, PSSF, Kenya Re were pressured to buy KPC shares
Originally published by News – Capital FM Kenya — Read the original article →
NAIROBI, Kenya Oct 8 – Kiharu MP Ndindi Nyoro has been suspended from Parliament for five sitting days after refusing to apologise for alleging that public institutions were pressured to invest in the Kenya Pipeline Company (KPC) initial public offering (IPO).
National Assembly Speaker Moses Wetangula ordered the suspension on Wednesday following a heated debate over remarks made by Mr Nyoro a day earlier.
The lawmaker had claimed that officials at the National Social Security Fund (NSSF), Public Service Superannuation Fund (PSSF) and Kenya Re received calls from “the high office” to invest in the KPC IPO, which he said was nearing failure as the subscription period closed.