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LAPFUND

Delayed county payments spark concern as LAPFUND struggles with growing unpaid contributions
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Delayed county payments spark concern as LAPFUND struggles with growing unpaid contributions

During the meeting on Tuesday, Chief Executive Officer Bernard Mbogoh told the committee that the delay in remittances by county governments has led to a steady rise in long-term receivables, which has in turn affected the fund’s financial position and made debt recovery more difficult.

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