• Latest
Parliament to select Committee to probe NSSF operations

Parliament to select Committee to probe NSSF operations

January 20, 2023
NTV Crew Blocked from Parliament Premises

NTV Crew Blocked from Parliament Premises

October 28, 2025

Police foil highway robbery in Mukono, arrest one suspect

October 28, 2025
VINAStech Advert
KIU Accused of Exploiting Poor Students With Harsh Late Payment Fines

KIU Accused of Exploiting Poor Students With Harsh Late Payment Fines

October 28, 2025
Obey Road Rules or We Impound Your Vehicles, Traffic Police Warns

Obey Road Rules or We Impound Your Vehicles, Traffic Police Warns

October 28, 2025
Petition Filed Against Alleged Endorsement of LGBTIQ Tourism in Sri Lanka

Petition Filed Against Alleged Endorsement of LGBTIQ Tourism in Sri Lanka

October 27, 2025
UBOS Resumes Baseline Education Census Exercise After Teachers’ Strike

UBOS Resumes Baseline Education Census Exercise After Teachers’ Strike

October 27, 2025
ESAFF Uganda Launches National Agroecology Festival 2025

ESAFF Uganda Launches National Agroecology Festival 2025

October 27, 2025
S6 Student Drowns in School Swimming Pool at Seeta High

22-year-old mother drowns while washing clothes in Zombo

October 27, 2025
Youth Go Green, TOA-Uganda Launch National Green Schools and Restoration Initiative Targeting 20 Million Trees by 2030

Youth Go Green, TOA-Uganda Launch National Green Schools and Restoration Initiative Targeting 20 Million Trees by 2030

October 27, 2025
Over 1,500 Stakeholders to Attend PELUM Uganda Agroecology Week 2025

Over 1,500 Stakeholders to Attend PELUM Uganda Agroecology Week 2025

October 27, 2025
Djibouti Parliament Scraps Presidential Age Limit to Allow Guelleh a Sixth Term

Djibouti Parliament Scraps Presidential Age Limit to Allow Guelleh a Sixth Term

October 26, 2025
14 Migrants Drown After Boat Sinks off Turkey’s Mugla Province

14 Migrants Drown After Boat Sinks off Turkey’s Mugla Province

October 26, 2025
  • About Us
  • Internship
  • Contact Us
Tuesday, October 28, 2025
Parrots Media
No Result
View All Result
  • Login
  • News
    NTV Crew Blocked from Parliament Premises

    NTV Crew Blocked from Parliament Premises

    Police foil highway robbery in Mukono, arrest one suspect

    KIU Accused of Exploiting Poor Students With Harsh Late Payment Fines

    KIU Accused of Exploiting Poor Students With Harsh Late Payment Fines

    Obey Road Rules or We Impound Your Vehicles, Traffic Police Warns

    Obey Road Rules or We Impound Your Vehicles, Traffic Police Warns

    ESAFF Uganda Launches National Agroecology Festival 2025

    ESAFF Uganda Launches National Agroecology Festival 2025

    S6 Student Drowns in School Swimming Pool at Seeta High

    22-year-old mother drowns while washing clothes in Zombo

    Trending Tags

  • Climate Change
  • Business
  • Science and Technology
  • Sports and Entertainment
  • Business
  • Others
    • Education
    • Lifestyle
    • Religion
    • Opinions
  • News
    NTV Crew Blocked from Parliament Premises

    NTV Crew Blocked from Parliament Premises

    Police foil highway robbery in Mukono, arrest one suspect

    KIU Accused of Exploiting Poor Students With Harsh Late Payment Fines

    KIU Accused of Exploiting Poor Students With Harsh Late Payment Fines

    Obey Road Rules or We Impound Your Vehicles, Traffic Police Warns

    Obey Road Rules or We Impound Your Vehicles, Traffic Police Warns

    ESAFF Uganda Launches National Agroecology Festival 2025

    ESAFF Uganda Launches National Agroecology Festival 2025

    S6 Student Drowns in School Swimming Pool at Seeta High

    22-year-old mother drowns while washing clothes in Zombo

    Trending Tags

  • Climate Change
  • Business
  • Science and Technology
  • Sports and Entertainment
  • Business
  • Others
    • Education
    • Lifestyle
    • Religion
    • Opinions
No Result
View All Result
Parrots Media
No Result
View All Result
Home Human Genomics BUSINESS REPORTS

Parliament to select Committee to probe NSSF operations

Charles Katabalwa by Charles Katabalwa
January 20, 2023
in BUSINESS REPORTS
0
Parliament to select Committee to probe NSSF operations
0
SHARES
0
VIEWS
Share on FacebookShare on X

By Jasper Twesige

PARLIAMENT

READ ALSO

Kiss Condoms Unveils Super-sized 6XL for Customers with Sizing Struggles

Vandalism of Vital Government Infrastructure Worries Rubirizi District Officials

TheSpeaker Anita Among has reiterated the importance of protecting workers’ savings stressing that any diversion of the funds is a criminal act.

She also directed investigations into the operations and management of the National Social Security Fund by a select committee.

Among said that the members of the committee will be announced on Monday, 23 January 2022.

“The money that goes to NSSF belongs to our workers.  We are here to legislate for people, for our constituents and humanity. It is one more reason why we must look at issues that affect the workers of this country,” she said.

She said that for a fund belonging to workers in Uganda who depend on it in their retirement, certainty is very important and workers need to know if their money is secure.

The Speakers’ statement preceded a report from the Minister of Gender Labour and Social Development, Hon. Betty Amongi.

Media has been awash with allegations of corruption and mismanagement of the Shs17.9 trillion funds.

The controversy revolved around the reappointment of the then Managing Director, Richard Byarugaba, who had attained the age of 60 and had already served two terms.

The fund is supervised by both the finance ministry and the gender ministry.

Amongi in her report said that the member’s savings are safe as they were five years ago and are invested as fixed income, equities and real estate.

“The fixed income portfolio is invested in government bonds, which are the safest investment instruments for they are guaranteed by sovereign governments,” she said.

Amongi added that as of the end of December 2022, fixed income constituted 78 per cent of the investment portfolio, equities 15 per cent and real estate, seven per cent.

She said that although President Museveni and the board of NSSF had recommended the reappointment of Byarugaba and Deputy Managing Director, Patrick Ayota, several petitions on mismanagement and alleged corruption at the entity led to the halting of the process.

She added that a meeting on 22 December 2022 with the President decided that petitions be referred for investigation and Byarugaba stays out of office.

When the Speaker Among asked her for documentary evidence.

She confirmed that the meeting took place but didn’t have the documentary evidence.

Among asked the Minister to bring all the letters she wrote to the board and the President in regard to the appointment of the managing directors.

“We want all the documentation in regards to NSSF. We are acting under Article 90 and Rule 208 of the Rules of Procedure compelling you to give us all the documentation regarding your communication,” she said.

Hon. Patrick Nsamba Oshabe (NUP, Kassanda North) said that the documents tabled by the minister raised key issues that Parliament should take interest in.

He said that reports earlier indicated that because the former MD did not clear the Shs6 billion needed for the strategic direction of growing the funds, the minister did not reappoint him.

Rushenyi County MP, Hon. Naome Kabasharira, wondered whether  it was a coincidence that when Byarugaba declined to provide the Shs 6 billion, that is when he was kicked out.

She also said both the former MD and Deputy MD should be held liable and not only one.

Hon. Arinaitwe Rwakajara (NRM, Workers Representative) asked the House called for thorough investigation to save workers’ money.

Related Posts

BUSINESS REPORTS

Kiss Condoms Unveils Super-sized 6XL for Customers with Sizing Struggles

April 1, 2025
Vandalism of Vital Government Infrastructure Worries Rubirizi District Officials
BUSINESS REPORTS

Vandalism of Vital Government Infrastructure Worries Rubirizi District Officials

January 21, 2025
Land Ownership Is A Right-Amity Realtors
BUSINESS REPORTS

Land Ownership Is A Right-Amity Realtors

January 13, 2025
Mbarara City Celebrates As New Katete Bridge Opens
BUSINESS REPORTS

Mbarara City Celebrates As New Katete Bridge Opens

January 7, 2025
ERA Announces 5.2% Electricity Tariff Reduction for Q1 2025
BUSINESS REPORTS

ERA Announces 5.2% Electricity Tariff Reduction for Q1 2025

January 2, 2025
Mbarara City Truck Drivers Protest Tender Annulment
BUSINESS REPORTS

Mbarara City Truck Drivers Protest Tender Annulment

December 2, 2024
Next Post
Muhabura diocese to spend over 130 million Ugandan shillings on renovating the Bishop’s house

Muhabura diocese to spend over 130 million Ugandan shillings on renovating the Bishop's house

POPULAR NEWS

Minister Amongi, Akena Scrapped from EC Voters’ Register Oops

Minister Amongi, Akena Scrapped from EC Voters’ Register Oops

September 3, 2025
Catholic Priest Speaks Out Against Museveni and Son’s Leadership

Catholic Priest Speaks Out Against Museveni and Son’s Leadership

February 16, 2025

“Life Is Scum”: Kabale University Student Leaves Suicide Note, Takes Own Life

July 25, 2025

Former IGP Okoth Ogola Dies

February 14, 2025

CAF Warns Fans Against Obscene and Politically Charged Jerseys at Namboole

August 20, 2025

EDITOR'S PICK

CMI officer shots man over a woman.

CMI officer shots man over a woman.

October 5, 2020

I’m tired of begging, Museveni urges MPs to support scientists pay rise

May 1, 2020
FDC condemns arbitrary arrests of Dr Besigye

FDC condemns arbitrary arrests of Dr Besigye

May 23, 2022

Security attacks on the media, experts speaks out.

December 27, 2020
VINAStech advert VINAStech advert VINAStech advert
ADVERTISEMENT

About

Parrots Media

A Public Relations and Media Services Company registered and licensed to operate in Uganda and the Great Lakes Region.

Follow us

Categories

  • Business
  • BUSINESS REPORTS
  • CLIMATE ACTION REPORTS
  • Climate Change
  • COMMUNITY REPORTS
  • Education
  • Entertainment
  • FEATURES
  • Health
  • Lifestyle
  • News
  • News
  • OBITUARY
  • Obituary
  • Opinions
  • Religion
  • RELIGION
  • Science and Technology
  • Sports
  • Sports and Entertainment
  • TOURISM

Recent Updates

  • NTV Crew Blocked from Parliament Premises
  • Police foil highway robbery in Mukono, arrest one suspect
  • KIU Accused of Exploiting Poor Students With Harsh Late Payment Fines
  • Obey Road Rules or We Impound Your Vehicles, Traffic Police Warns
October 2025
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  
« Sep    
  • About Us
  • Internship
  • Contact Us

© 2025 Parrots Media | Website Designed and Maintained by VINAStech

No Result
View All Result
  • Parrots Media
  • News
  • Business
  • Science and Technology
  • Sports and Entertainment
  • Lifestyle
  • Others
    • Climate Change
    • Education
    • Religion
    • Opinions

© 2025 Parrots Media | Website Designed and Maintained by VINAStech

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

You cannot copy content of this page