The Director General of NASSIT, Mr. Mohamed Fuad Daboh, has told members of the press, in a one day seminar organized for Newspaper Editors and Station Radio Managers in Freetown, that the Trust has collected between January and March, 2019 Le111.83 billion as contributions from both public and private sector establishments.
The DG also extended his update to the areas of benefits payments, disclosing that the Trust, as at end of first quarter of 2019, have registered 15,559 institutions and 223,475 insured members.
The Trust has also told newsmen that Le47.99 billion has been paid in the form of benefits as at March,2019 and the Trust has recorded a total of 21,537 pensioners on the payroll .
The NASSIT DG also disclosed that the Trust is putting finishing touches to the newly rented offices for the Trust in the North West Region of Port Loko. Mr. Daboh indicated that their presence to service this region means they are not only taking their services closer to their customers but also to replicate what has been done in other regions.
He also highlighted that arrangements for operationalisation of the Social Security Court have been finalized and the Trust will soon come out with a statement with regards commencement of sittings.
The Trust has also disclosed to journalists that in fulfillment of their mandate, NASSIT entered into various joint venture investments with the aim of strengthening the foundation for string economic growth with multiplier effects, including but not limited to job creation and increase in contributions.
Billions of dollars have been reportedly invested in various companies involved in the construction, banking, agriculture and the banking sector industries, to name but a few.
The Trust was a subject of Special Technical Audit recently conducted in the country and it has cited huge irregularities. The DG of NASSIT has noted that they, at the Trust, will fully look at the recommendations with a view to solve the numerous issues raised especially as they relate to investment. The report has called for a halt to all investments at the Trust until correct processes are put in place.