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Ndindi Nyoro: Kenya Pipeline IPO Was a Sham

Kiharu MP Ndindi Nyoro has dismissed the Kenya Pipeline IPO as fraudulent, claiming it was merely a public placement in which the government bought its own shares. He alleged that state institutions including NSSF, CPF, The Superannuation Fund, and Kenya Re were pushed to invest workers’ and shareholders’ funds, effectively recycling public money.

"Kenya Pipeline IPO was a sham, just a public placement where the government bought its own shares by pushing NSSF, CPF, The Superannuation Fund and Kenya Re to invest workers' and shareholders' funds." — Ndindi Nyoro

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