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DCI Urged To Crack The Whip On Misappropriation of Funds In GDC Staff Retirement Benefits Scheme

PHOTO CAPTION: Jared O. Othieno, Managing Director, Geothermal Development Company (GDC)

The submission below was forwarded to this blog (cnyakundi.com) by troubled employees at the Geothermal Development Company (GDC) who are protesting gross misconduct, abuse of office, and misappropriation of pension funds under the stewardship of MD Eng. Jared Othieno, General Manager Paul Ngungi.

Staff that have left the organization have not been able to transfer their pension to their new nominated pension schemes due to the fact Jared, Irene and Paul have possibly looted the funds.

Director DCI, kindly look into GDC Staff Retirement Benefits Scheme and crack the whip on the misappropriation of funds.

We left the organization between February and July 2022.

We have been underpaid; we are supposed to be paid 50% of our funds at the point of leaving the organization.

During the AGM we see they did the audited Financial statements on 31st March 2022.

We are entitled to be paid 50% on exit and the Balance of 50% when we reach the age of 50%.

Cyprian, I now believe everything you have been writing about the Geothermal Development Company Pension scheme is true.

I am one of those suffering, and we are writing this from our WhatsApp group.

The Trust Secretary, Irene Moinkett, is under instructions from the main thieves have refused to pay what is due to us.

They have paid us less than 50% of what is expected.

When paying, they never factored in the interests earned in 2021 From the AGM the New Administrator said we shall be paid the Balance of the shortfall we fill the forms and submit for processing, but now the Trust Secretary-Irene Moinkett, and Chairman Paul Ngugi have refused to pay us.

GDC General Manager Drilling and Infrastructure, Mr Paul Ngugi.

DCI boss, please note that the Trustees have also put some Sh36m and not given us a share of that income.

There is a big problem with the reports presented to us by the Fund manager, Administrator and Auditor.

We are now crying foul play and want you to send your men there.

We believe RBA is an accomplice to the happenings at the GDC staff retirement benefits scheme.

There have been complaints by members of the scheme on the operations of the scheme together with funds misappropriation on unapproved foreign travels by trustees; without RBA action.

The President in his speech indicated members should not lose their pension.

Why are the Trustees not paying what is due to us?

It seems they are covering up by underpaying us and reserving over Sh36m to compensate for what they have already looted.

MD & CEO Eng Jared Othieno, are you part of this looting?

You have denied us interest in late remittances.

I always thought you were an upright man and all these were lies.

Kumbe you are the Master Chief Thief!

In the AGM the Administrator indicated they only have our data for three years.

Can someone explain how did they then pay us money for 10 years?

Trustees need to explain, we are not fools.

Kindly provide us access to our member data.

Chairman Paul Ngugi and Trust Secretary Irene Moinkett stop looting our money, please.

Our families need this more than you do.

You have jobs we don’t have.

Trust Secretary Irene Moinkett, we hear you went with the Chairman for a sex trip with our money to Zanzibar; you are the only people who don’t know what austerity measures are.

Now you have refused to pay us.

As deferred members, our request is for forensic investigations to be carried out, with those mentioned stepping aside since Board room rumours has is that the Board is divided with 6 thieves (Chereras), two who have raised an alarm on funds Misappropriation are now leaving in fear of their lives.

You cannot pretend that you know accounts better than our two elected accountants, who have refused to be part of your daylight robbery.

Eng Jared, if you respect yourself, your sponsor-nominated members should leave office, sorry we understand why you are protecting them-they put bread and butter on your plate.

Mr. President, we pray you to come to our rescue and save our pension.

In our next write-up, we shall be listing the names of all the staff we faked papers together, but they are still in employment and still being protected by the system.

During the AGM we were told there are cases at various offices.

Mohammed Amin, the ball is in your hands.

The people expected to benefit and enjoy our pension are many, each member has over 5 beneficiaries.

The people made to suffer from these thieves are many.

Kindly start with all the GDC files pending at the DCI and EACC reported recently and in the previous regime.

The whole Management of GDC had been chest thumping during the election of a Baba Presidency and never allowed us to talk politics in office.

A mention of Kenya Kwanza in any meeting was enemy number, and that’s how we found ourselves home.

Office of the Director of Public Prosecution-Nordin Hajji when are you taking Irene Nyaboke Onyambu on taking men for Check-ups to her Gynaecologist Husband plus an NHIF card scandal at GDC to court.

In our next release we shall list all the people we went with to River Road to procure FAKE papers and they are still in office.


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