Geraldine Ssali - Uganda Multimedia News & Information https://www.weinformers.com Politics, Health, Sceince, Business, Agriculture, Culture, Tourism, Women, Men, Oil, Sports Sun, 22 Mar 2015 05:23:14 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.2 Byarugaba, Kyayonka in the spotlight as Parliament investigates abuse of NSSF funds https://www.weinformers.com/2015/03/22/byarugaba-kyayonka-in-the-spotlight-as-parliament-investigates-abuse-of-nssf-funds/ https://www.weinformers.com/2015/03/22/byarugaba-kyayonka-in-the-spotlight-as-parliament-investigates-abuse-of-nssf-funds/#respond Sun, 22 Mar 2015 05:23:14 +0000 http://www.weinformers.net/?p=40432 The select committee of Parliament that investigated allegations on the National Social Security Fund irregularities and allegations of nepotism has tabled a report before parliament pinning top officials in government and NSSF over mismanagement of NSSF. The report implicates the former finance minister Gerald Sendaula, the Board Chairman Ivan Kyayonka, Deputy Executive Director NSSF Geraldine […]

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]]> ByarugabaThe select committee of Parliament that investigated allegations on the National Social Security Fund irregularities and allegations of nepotism has tabled a report before parliament pinning top officials in government and NSSF over mismanagement of NSSF.

The report implicates the former finance minister Gerald Sendaula, the Board Chairman Ivan Kyayonka, Deputy Executive Director NSSF Geraldine Sali, and Former Minister of Finance Maria Mutagamba among others in the mismanagement of the fund.

The Committee recommended that former Finance minister be held responsible for loss of UGX500M spent on recruitment in NSSF whose results were largely ignored.

The report also recommended that NSSF MD Richard Byarugaba, Board chairman Ivan Kyayonka be compelled to refund the loss incurred of 56 Million Shillings of Namirembe Land purchased below cost price.

The report was presented on the floor of parliament by Kiboga Woman MP Anna Maria Nankabirwa a member of the committee.

NSSF currently has a membership of about 1,319,345 although out the total membership, only 578,000 are active.

Every month NSSF receives between UGX 50 and 60 Billions in form of contributions from the members. AS of June 2014, NSSF was worth 4.34 Trillion.

Parliament will discuss report during the week that starts on Sunday 22nd March 2015.

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