Enter aussie play casino app, where glamorous slots and sparkling bonuses create nonstop excitement. Every spin delivers luxurious wins and high-class thrills.

At kingbilly casino, enjoy vibrant gameplay, dazzling slots, and bountiful rewards. Each moment promises elegance, excitement, and unforgettable victories.

Discover ricky casino, where thrilling gameplay and lavish bonuses combine for a premium casino experience. Every spin delivers excitement, luxury, and spectacular wins.

Experience aussie play casino mobile, a high-class casino offering dazzling visuals and generous rewards. Each spin is filled with thrills, elegance, and unforgettable wins.

Connect with us

Hi, what are you looking for?

Business

Treasury CS John Mbadi Revokes Wangamati’s PSSF Appointment

Treasury CS John Mbadi Shows Ex Governor Wangamati the Door.
Treasury CS John Mbadi Shows Ex Governor Wangamati the Door.

National Treasury Cabinet Secretary John Mbadi has revoked the appointment of former Bungoma Governor Wycliffe Wangamati as the Chairperson of the Public Service Superannuation Fund (PSSF) Board of Trustees. The decision, announced via a gazette notice, took effect on June 27, 2025, cutting short Wangamati’s three-year term just one year after his initial appointment.

Wangamati, who served as the second Governor of Bungoma, was appointed to the PSSF role on June 8, 2024, by the then-National Treasury CS Prof. Njuguna Ndung’u.

The gazette notice explicitly states, “In exercise of the powers conferred by section 10 (1) (a) of the Public Service Superannuation Scheme Act, as read together with section 51 (1) of the Interpretation and General Provisions Act, the Cabinet Secretary for National Treasury and Economic Planning revokes the appointment of — WYCLIFFE WAFULA WANGAMATI as the Chairperson of the Public Service Superannuation Fund Board of Trustees, with effect from the 27th June, 2025”.

Former Bungoma Governor Wycliffe Wangamati as the chairperson of PSSF Board of Trustees has been revoked.

Former Bungoma Governor Wycliffe Wangamati as the chairperson of PSSF Board of Trustees has been revoked.

While the gazette notice did not provide specific reasons for the revocation, it comes amidst a period of numerous leadership changes across various government boards and agencies.

This move by CS Mbadi follows his recent acknowledgments of policy gaps and bureaucratic bottlenecks contributing to delays in pension payouts under the new Public Service Superannuation Scheme, a defined contribution plan introduced in 2021.

Wangamati, a qualified actuary with extensive experience in pensions and investment consultancy, had previously highlighted the potential for Kenya to leverage its substantial pension assets, exceeding Sh2 trillion, for infrastructure development, citing South Africa as a successful example.

The Public Service Superannuation Scheme aims to ensure timely pension payouts, a challenge that CS Mbadi has committed to addressing, acknowledging significant arrears in unpaid pensions.

The revocation of Wangamati’s appointment highlights the ongoing efforts by the National Treasury to streamline operations and address systemic issues within the public service pension framework.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

News

The National Treasury has cautioned Kenyans against a fake statement circulating online announcing an online investment scheme. In a statement on Monday, September 1,...

News

Former Bungoma Governor Wycliffe Wangamati is set to spend Monday night in Kilimani police cells, a startling turn of events ahead of his anticipated...

News

Schools could be forced to shut down at midterm if the National Treasury fails to release capitation funds immediately. This comes after the Kenya...

News

The Ethics and Anti-Corruption Commission (EACC) detectives have arrested 4 National Treasury employees over bribery allegations at the Pensions Department. In a statement, EACC...