IGG watching NSSF, BoU standoff with keen interest
The Inspectorate of Government has said it will not intervene yet in the matter in which the National Social Security Fund (NSSF) has questioned the authenticity of the staff records of Bank of Uganda, submitted in respect of processing the monthly payments made to the fund.
Nonetheless, it is keenly watching the saga.
Keep Reading
Daily Monitor reported today that NSSF scrutiny of BoU’s staff records found that a tune of Shs1.6b was paid out to unidentified BoU staff between August 2016 and January 2019, without remitting Shs246m worth of statutory contributions to NSSF.
The newspaper reported that on March 6, David Mwesigwa Rwamatungi, the Fund’s acting head of business, wrote to Ralph Bakashabaruhanga, the BoU director of pension administration department, and explained the Fund’s reluctance to issue the Central Bank with the mandatory clearance certificate.
Now Munira Ali, the spokesperson of the Inspectorate of Government told The Nile Post that they had not yet intervened in the matter despite clear clues that there could have been a mismanagement of funds.
Ali said that at the moment they are first going to wait for other investigative agencies to first handle the matter before they can come in.
"If the auditor general is doing something, we leave them to finish. If the police is doing some work, we wait. If there are cases that need further investigations that is when we shall come in. that is how we work because we don't duplicate work," she said.
The NSSF has now asked BoU to submit identification documents such as national IDs of their staff to the Fund for further verification.
