Tag Archives: pension

Unfavourable economy forces NSSF to cut interest rate for first time in six years For every Shs 1 million you have saved with the National Social Security Fund (NSSF), Shs 123,000 has already been credited to your account as interest payment. Of course this is lower than the Shs 130,000 …

Masaka senior resident judge John Eudes Keitrima has taken the witness stand in a pension case in which city lawyer Bob Kasango with three former officials of the Ministry of Public Service and a high court clerk allegedly stole over sh15bn meant for 6339 pension claimants. Justice Keitrima accused Kasango of using forged documents, that were …

VIDEO:  Pension scheme reforms are long overdue in Uganda.  To many, the mention of pension quickly relates to struggles to access it, and many have reportedly been conned in the process of chasing their documents to have their accounts credited. To solve this, the Ministry of Public Service has now decentralized the system …

Kisa said MPs cannot deliberate well when they are hungry and they need new allowances to cater for that. There is a new mantra for MPs in Uganda’s parliament. The MPs say: “We cannot deliberate when we are hungry”. The phrase was coined by newly elected Luuka South MP Stephen …

By Isaac K Ssemakadde Let us enhance the role of civil society in corruption related litigation As the public grapples with the recent collapse of the Shs165 billion pension scam case in the Anti-Corruption Court, I find it appropriate to advocate for enhancement of the role of civil society in …

Uganda, East Africa’s third largest economy will benefit from the liberalisation of the pension sector once Parliament approves the Pension Sector Liberalisation Bill into law, experts say. Speaking to over 30 journalists at a media sensitization campaign in Mukono, about 20 kilometres away from the capital city, Kampala, Racheal Sebudde, …

By Independent Investigations Team CID takes hold of Shs 800bn worth of Oloka, Obey properties, over 256 land titles attached Early one morning last month, one Kenneth Tulomwe was arrested by police as he drove out of his gate in Muyenga in a brand new double cabin pick-up truck he …

Kampala, Uganda | Aloysious Kasoma | Police has announced that it has started the search for property belonging to pension scam suspects to obtain information regarding the ownership of property. According to Kampala Metropolitan Police Spokesperson Idi Bin Ssenkumbi they started extensive search and deployed police personnel to carry out the search …

By Independent Team How Godfathers protected main player in the grand theft On Monday, November 28, 2011, a man identified as Benon Byamukama of Kitovu LC I in Mbarara walked into Cairo International Bank main branch on Plot 30 Kampala Road to open a savings account as a member of …

By Mubatsi Asinja Habati At 10:30 a.m. Samuel Bukawa, 57, is waiting at the National Social Security Fund (NSSF) reception to meet the officer in charge of saver benefits. Sitting on the blue-cushioned reception chairs, Bukawa, is anxious to get his hands on his 16-year-old savings. As more and more …