Ag. MD NSSF Ayota speaks about Fund operations, the process to appoint substantive MD
Drake Nyamugabwa
The National Social Security Fund (NSSF) has broken the silence on the ongoing process to appoint a substantive Managing Director of the Fund and the state of the fund operations as a follow-up to the series of reports on social media and mainstream media about NSSF investigations by the Inspectorate of Government.
According to the statement released on 18th January 2023 signed by The Acting Managing Director Parick Ayota, it says that in response to the information circulating in the media about the ongoing investigation on NSSF by the IGG, NSSF assured members of the fund that the operations of the fund are going on normally.
“We reaffirm that the Fund is operating normally in the execution of its mandate. The Fund continues to receive member contributions, make investments, and pay benefits to qualified members,” it partly reads.
Ayota said that after the investigation is complete, the fund will be able to inform the public since the matter is still under investigation.
“We inform NSSF 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.”
He added, “In the spirit of transparency and accountability, the Fund will inform members and the public on the next course of action upon the conclusion of the investigations,” he said
Gender and Labour minister Betty Amongi recently directed the NSSF board to initiate an investigation into the allegations against the former MD Mr Richard Byarugaba which prompted the Board chairperson Peter Kimbowa to write to the Inspector General of Government (IGG) on December 27 to initiate the investigation.
“The details of the petitions to the minister and the preliminary documents related to the allegations including whistle-blower reports shall be forwarded to you by the minister in confidence,” he wrote.
The minister accuses the former MD Mr Byarugaba of poor performance, defying presidential directives, poor strategic investments, as well as “misrepresentation and defiance”.
“This has constrained me from renewing the contract of the Managing Director, Mr Richard Byarugaba, until you provide me with concrete responses addressing all the concerns raised above,” she said
