Ex-NSSF manager Moturi fined Sh2.6million or face 14 years in jail over fraud
The Anti-Corruption Court sitting in Nairobi has sentenced the former National Social Security Fund (NSSF) investment manager Francis Zuriels Moturi to 14 years in jail or pay a fine of Sh2.6 billion.
Chief Magistrate Lawrence Mugambi has handed down the stiff sentence to Moturi after convicting him for the offence of conspiracy to defraud and deceiving NSSF.
However, three stock brokers will pay a Total fine of Sh2.7 billion for the offence of conspiracy to defraud NSSF.
The court has however ordered Discount Security limited to compensate NSSF Sh4.8 billion
Alongside the jail term and fine, Mugambi has issued and order restricting the four from being elected or appointed for public office for the next 10 years.
They have been given 14 days to appeal.
Moturi, who alongside five other former officials of NSSF were on Friday last week convicted of defrauding the state agency monies totalling Sh1.2 billion between 2004 and 2007.
In his application to the anti-corruption court today morning, Moturi indicated that he needed urgent medical attention and asked Chief Magistrate Lawrence Mugambi to allow him to go to Kenyatta National Hospital (KNH) for treatment.
“We are seeking that you allow an order that he be taken to KNH immediately after this session and that he appears before this court when he’s medically fit for mitigation and sentencing,” his lawyer Maina Ngaruiya told the court.
Ngaruiya pleaded with the Chief Magistrate to consider excusing his client at least three days to get the help he needs from the doctors.
The Prosecution, however, opposed the application noting that from all the documents filed in court there has been nothing to suggest that the first accused person is medically unfit and unable to participate in mitigation and sentencing.
But Moturi immediately adduced the doctor’s medical report indicating he has been undergoing treatment for the past one year and that during this period he’s been very well managed.
He said this medical assistance enabled him to be attending court sessions.
