Part1
The Select Committee investigating alleged mismanagement of NSSF has kicked off the probe, with leadership of National Organisation of Trade Unions (NOTU).
NOTU said that NSSF is faced with the challenge of non compliance, especially in remittances of savers funds by employers and misuse of funds by top management.
Chairperson NSS, Mr. peter Kimbowa of the spot.
NOTU Board member, Juma Mwamula called for an evaluation of investments undertaken by NSSF, saying that the real estate investment does not benefit workers.
NSSF channeled savers money to invest in real estate, where several house units have been put up to benefit 99% member / savers in nssf.
Mr. Juma Mwamula shocked the committee when he said that a cost of the house at Shs3 billion after complete.
"There is a very high level of insensitivity of needs of workers, what is the motive of nssf in real estate if members cant buy these houses, i bet no local member is able to raise 3bn, actually not even a member of parliament can manage it" he said.
Mr juma further said that nssf management is performing poorly and called for more investigations on top management including the chairman board, Mr peter kimbowa.
Jacob Mutwa - Members of this committee also petitioned Nssf.
"We should investigate the under performance of the Nssf Management & Board" he said.
The committee has also got complaints where employers deduct money from workers but do not remit to NSSF and this was revealed by the NOTU Secretary General, Richard Bigirwa.
He also revealed that some organisations employ over 500 staff but majority are categorized under casual laborers and do not remit NSSF.
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