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Mafia eating up NSSF, former MD Byarugaba

Reporter by Reporter
September 10, 2014
in Business, News
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Richard Byarugaba NSSF Managing Director

Richard Byarugaba NSSF Managing Director

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Richard Byarugaba NSSF
Richard Byarugaba NSSF

A group of mafia is frustrating investment projects under the National Social Security Fund.

This is according to the former Managing Director of NSSF, Richard Byarugaba, who made the revelations while appearing before the Parliament select committee probing alleged mismanagement into the fund.

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Byarugaba told the MPs today that the group, whose members he is yet to establish, have in the past sabotaged NSSF investments, including  the stalled  50 billion shillings Pension House, in a bid to influence the process.

However the legislators, including Kalungu West MP, Joseph Ssewungu, tasked Byarugaba to name those he claims have been tagged as the saboteurs.

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