By Our reporter
More than Sh80 billion was hidden into the cost of National Social Security Fund (NSSF)’s multi billion skyscraper in Nakasero to benefit a few people close to the deal.
The scandal rocking the Fund has already reached the Inspector General of Government (IGG) who has launched another investigations into the said improprieties.
In the eye of the storm is the construction of the 25-storied Pension Towers on Lumumba Avenue in Nakasero in Kampala whose construction started almost a decade ago but fraudulent practiced have stood in its way to completion.
According to the whistleblower, the project which was given to Chinese companies has been inflated by SH80 billion in the quoted Sh570 billion.
The storm kicked off when it was reported that some few NSSF managers had been flown to China at the expense of the contractor. They stayed in a luxurious hotel and per diems which would make Parliament’s Jikwateko NRM Mps look like saints.
The other area raising dust include the insistence on the contractor to mobilize her own finances at 8% interest when in it is also widely reported that NSSF has a financial chest of idle money – certainly the interest is bone by the NSSF Saver.
The other point of interest by the IGG is why NSSF left out ROKO which is a reputable construction company with a good history in Uganda for the Chinese firm?
NSSF MD Richard Byarugaba is sitting on two major multibillion construction projects, the Pension Tower and the housing project in Lubowa, which are said to be fatten cows that the saver and IGG should be looking at closely.
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