The Cabinet Secretary for the National Treasury and Economic Planning, John Mbadi, has revoked the appointment of Seth Panyako as a member of the Local Authorities Provident Fund (LAPF) Board.
The dismissal was announced through a Gazette Notice dated January 23, 2026.
The revocation was carried out under the powers granted by section 5 (1)(d) of the Local Authorities Provident Fund Act, as read together with section 51(1) of the Interpretation and General Provisions Act.
“In exercise of the powers conferred by section 5 (1) (d) of the Local Authorities Provident Fund Act, as read together with section 51 (1) of the Interpretation and General Provisions Act, the Cabinet Secretary for the National Treasury and Economic Planning revoke the appointment of Seth Sindani Panyako as a Member of the Local Authorities Provident Fund Board, with effect from the 23rd January, 2026,” the notice said.
Mbadi Revokes Appointment of Seth Panyako
Last year, during the Malava by-election, Seth Panyako faced a petition regarding his delayed resignation from LAPFUND.
However, the then DAP-K candidate for the Malava Parliamentary seat insisted on remaining in the race despite attempts to block his candidacy.
The petition was filed by fellow aspirant Caleb Burudi, who urged the Democratic Action Party of Kenya (DAP-K) to disqualify Panyako from the Malava Parliamentary race.
Burudi argued that Panyako, who was then serving as a board member of the Local Authorities Provident Fund (LAPFUND), had failed to resign within the legally required timeframe for public officers intending to contest elections.
Panyako, however, dismissed the challenge as politically motivated, reiterating his determination to remain in the race.
Also Read: UDA’s David Ndakwa Beats Seth Panyako in Malava MP Race
About LAPFUND
The Local Authorities Pension Fund (LAPFUND) is a Defined Contribution Scheme registered and regulated under the Retirement Benefits Act of 1997 and its subsequent regulations.
Established in 1960 by an Act of Parliament, LAPFUND operates as a state corporation in accordance with section 132 of the County Governments Act, 2012.
LAPFUND provides retirement benefits to employees of County Governments and Water Companies.
Also Read: Petition Seeks to Bar Seth Panyako from Malava By-election
Having operated for over six decades, LAPFUND is one of the oldest retirement benefit schemes in Kenya.
The fund currently serves over 78,000 members across all county governments and water and sewerage companies.
As of June 30, 2024, LAPFUND’s total assets stood at over KSh 66 billion, invested across various asset classes regulated by the Retirement Benefits Authority (RBA), including government securities, equities, deposits, and property.
The Fund is also exploring additional avenues for diversifying its investments.
LAPFUND operates under the National Treasury, is regulated by the RBA, audited by the Office of the Auditor General (OAG), and supervised by the Inspectorate of State Corporations.
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