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Allegations of corruption and mismanagement of NSSF flooded both mainstream and social media channels in the last few days. Another issue was the MD Richard Byarugaba who had reached the retirement age of 60. Apparently, he has also fully served his two terms.
According to the NSSF statement, the issues raised by the public are currently under scrutiny by the Inspectorate of Government. The body is therefore not at liberty to discuss them.
For issues of transparency and accountability, NSSF promised to update the public once the investigations are complete. The body added that the operations continue to run smoothly in spite of all this.
“We have taken note of reports circulating in the mainstream and social media about Operations and the ongoing process to appoint a substantive Managing Director of the National Social Security Fund (NSSF).
We inform members, stakeholders, and the public that the matters raised are subject to an ongoing investigation by the Inspectorate of Government. We are therefore not at liberty to discuss them at this point.
“In the spirit of transparency and accountability, we will inform members and the public on the next course of action upon the conclusion of the investigations. We reaffirm that the Fund is operating normally in the execution of the mandate.
The Fund continues to receive members’ contributions, make investments and pay benefits to qualifying members,” read part of the statement.
State Minister for Finance (General Duties), Henry Musasizi also appeared before Parliament saying that all is fine at NSSF. He said there is no need for panic and members’ savings are safe.
Meanwhile, the AG Managing Director Patrick Ayota also advised for the body to penetrate the informal sector.
This will in turn help to widen social security coverage. He also added that the Fund is “performing extremely well and making profits.”
Check Also;
- NSSF To Finance Over 90,000 Female Entrepreneurs
- Matia Kasaija Appoints New NSSF Board Members
- Ministry Of Finance Asked To Let Local Governments Spend Own Revenue
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![[dropcap]A[/dropcap] section of women in Bugongo parish and Nawangaiza parish in Nawandala Sub County, Iganga District have decried the near-impossible terms set for them to access GROW funds. They have now petitioned their woman member of parliament for Iganga Hon. Kauma Sauda Alibaawo to ask the government for revised terms and conditions. This is to enable them to benefit from the program. The disgruntled women accuse the implementers of the program of charging the money. They are also asking for their land titles and land agreements. They said that such properties are governed by their husbands. These, therefore want the government through their woman MP to intervene and revise the requirements for one to benefit. The women were on Wednesday at Namabwere primary school in Nawandala Sub County. They had gathered in their respective groups to receive over 300 chickens from Hon Alibaawo in her campaign to improve the livelihood of women in Iganga district. Each group was given 50 chicken as start-up capital in their journey to prosperity. Read what some leaders said; Ms Naigambi Lydia from Nawandala Trading Centre says, “They solicited money from us through opening bank accounts and depositing Shs80,000. They also asked for land titles and land agreements from us yet we don’t have such things. I was informed that I needed to have a business with a capital of Shs4m yet my capital was very small.” The chairperson Kisoboka Saving Group in Nawandala Ms. Nakagolo Faith said they were not able to join the program. This is given the many conditions attached. She also asked their woman MP to raise their concerns to the relevant offices. The MP condemned the mode of implementation of the program. She cited that it has turned to benefit the well-off class of women other than the intended group. She further asked the government to intervene saying the current strings attached to the programme are very tight to accommodate a common woman. GROW project is a Government of Uganda initiative that arose out of the need to respond to the needs of women entrepreneurs. This is especially those who want to grow their businesses, sustain their self-employment and create more jobs. Check Also; Iganga District NRM Leaders Urge Museveni To Fulfill Election Promises Of 2021 International Women's Day: Celebrating Progress Towards Equality](https://newslexpoint.com/wp-content/uploads/2024/11/Iganga-women-decry-tough-terms-to-access-GROW-funds-e1731738339732.jpg)