NSSF holds the pension money in trust. The law requires trustees to act in the best interest of the members: protect their savings and grow them. In March, NSSF put about Sh38 billion into Kenya Pipeline shares at Sh9 each, in an IPO that was failing until State-linked funds rescued it. Uganda’s own pension fund refused to buy. It said Sh9 was too expensive. This week, a mystery investor moved Sh42.5 billion of KPC shares, at Sh9.02. Almost exactly the IPO price. Only three shareholders hold enough shares to make that trade: Uganda, NSSF and the Public Servants Pension Scheme. And KPC will pay a dividend to shareholders on its register on November 30. On those shares, about Sh1.4 billion. So NSSF must answer: • Did you sell or not? • Why sell weeks before a Sh1.4 billion dividend, at no profit? • Who told you to buy in March, and who told you to sell now? If a pension fund buys when the government needs a buyer, and sells when someone else needs shares, without earning dividends that it could have, it is not serving the workers' interests. If it is established that the NSSF trustees breached their fiduciary duty to members, they must be taken to court and held personally accountable.