Former NSSF manager Francis Moturi has been jailed for 12 years or pay a fine of Ksh2.4 billion over his involvement in a Ksh1.6 billion fraud case.
Moturi was found guilty of knowingly misleading the fund into making payments totaling Ksh1.2 billion through irregular trading in shares through Discount Securities Limited (DSL).
Others who were convicted in the case include DSL officials Isack Nyakundi, Wilfred Munyoro and David Githaiga.
The three former DSL employees were fined Ksh803 million each or serve 12 years in jail.
Trial Magistrate Lawrence Mugambi fined DSL Ksh4 billion failure to which its assets would be auctioned.
Moturi led NSSF to buying non-existent shares worth Ksh1.6 billion between August 2002 and July 2007.
The three DSL employees sent false information to NSSF and NSSF acted on the information, leading to loss of the monies.