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The board and management of Uganda’s National Social Security Fund (NSSF) have spoken out for the first time, about the Parliament Select Committee report on the status of the National Social Security Fund (NSSF) that was adopted by Parliament last week, March 09th 2023. The board Chairman, Dr. Peter Kimbowa, flanked by the Ag. Managing Director Patrick M. Ayota said that while they welcomed the report, most of its findings and therefore conclusions lacked context and in some cases were inaccurate as well as ignored key facts and figures shared with the committee by the Fund. This is the first…
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The Parliamentary Select Committee on the state of affairs at Uganda’s National Social Security Fund (NSSF) has released its anxiously-awaited report, recommending that among others, the Minister of Gender, Labour and Social Development, (MGSLD), Hon Betty Amongi Ongom, at whose instigation the probe was constituted, resign immediately. The Hon Mwene Mpaka Rwamirama chaired the probe committee, found the Minister guilty of abuse of office, bordering on corruption as well as going beyond her powers to put the Fund’s board and management under pressure to make certain investments, which is outside her powers and without doing the necessary due diligence. The…
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The management of the National Social Security Fund (NSSF) has defended its performance track record, insisting that they have delivered value for the members, even amidst claims of mismanagement and running a high-cost operation. Patrick Ayota, the Ag. Managing Director, last week told Members of the Parliamentary Select Committee investigating the Fund that merely looking at the Fund’s costs of operation without a comparative analysis of the value created as well as a peer review of similar funds in the region would only give an incomplete picture. “In 2021/2022 our costs were UGX203 billion. In that time, the Fund grew…
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Uganda’s Minister of Finance, Planning and Economic Development (MoFPED), Hon. Matia Kasaija, has today told the Parliamentary Committee investigating governance and administration issues in the Fund, that the acts by the Gender, Labour and Social Development minister to ask for funding from the National Social Security Fund (NSSF), an agency she supervises were wrong, outside the law and not part of her mandate. Hon Kasaija who was today appearing in the Hon Mwine Mpaka committee, also said he sharply disagreed with Hon. Betty Amongi over the matter. The committee is among others examining the circumstances surrounding the appointment of the Fund’s…
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The National Social Security Fund (NSSF) has defended its performance over the last 10 years before the Parliamentary Select Committee investigating the Fund. The committee is among others examining the circumstances surrounding the appointment of the Fund’s Managing Director, and evaluate the status and safety of savers’ money in the Fund. Chaired by Hon Mwine Mpaka, the Member of Parliament for Mbarara City South, the Committee is composed of Workers MP, Hon Charles Bakkabulindi; Mr. Karim Masaba (Industrial Division, Mbale City), Mr. Michael Kakembo (Entebbe Municipality), Ms. Fortunate Nantongo (Kyotera District Woman), Ms. Laura Kanushu (Persons with Disabilities), and Mr….
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