Photo/FILE NSSF headquarters in Nairobi. According to Labour assistant minister Sospeter Ojaamong, inquiries at the Registrar of Companies revealed no records available for two firms that benefited from the payout by NSSF. 

The national pension fund has paid a construction firm Sh590 million in an out-of-court settlement.
This is the second such payment the National Social Security Fund (NSSF) has made, bringing to Sh1.4 billion the money paid since last year following arbitration.
According to documents seen by the Daily Nation, Pan African Builders and Contractors were paid the Sh590 million following arbitration arising from a dispute regarding work at the fund’s Kitisuru housing estate.
The court had awarded the company Sh662 million.

The Sh590 million was paid to four entities — Pan African Builders and Contractors Ltd, Sh305 million, Liteline Enterprises Ltd Sh20 million, Speed Wings Ltd Sh121 million and Sh143 million to Kipkorir, Titoo and Ikiara Advocates.
When contacted lawyer Donald Kipkorir said the dispute between the NSSF and Pan African Builders and Contractors Ltd (Pabco) begun in 2003 in the High Court.
It then went to arbitration before it went back to the High Court on appeal. (READ: Prominent lawyers paid millions for NSSF services)
“After arbitral proceedings in favour of Pabco, a decree was issued in favour of Pabco for Sh662 million plus costs and interest. In spite of this, Pabco agreed to accept the reduced sum of Sh590 million,” he said.
Mr Kipkorir said whoever was pushing for the case to be published in the media was ignorant of the material facts and the court and arbitral proceedings. He said Pabco constructed and handed over the project as per contract.
“Any contrary allegation is actuated by malice, falsehoods and is defamatory,” he said.
However, it has emerged that records of Liteline Enterprises Ltd and Speed Wings Ltd cannot be traced at the Registrar of Companies.
A letter from the registrar dated March 12 addressed to the Labour ministry says the two firms are not in their database.
“We refer to your letter dated March 12, 2012. The above companies/business names do not appear in our database of registered companies/businesses,” the letter says.
On March 13, Belgut MP Charles Keter raised the matter in Parliament when he asked the Minister for Labour, Mr John Munyes, to explain how the money paid to Pan African Builders and Contractors was distributed.
Labour assistant minister Sospeter Ojaamong said inquiries at the Registrar of Companies had revealed no records were available for two firms that benefited from the payout.