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Tuesday, December 31, 2013

NSSF Managing Director Byarugaba exits today


Mr Byarugaba
 
Mr Byarugaba 

A section of the Pension Towers currently under construction. Some stakeholders say the Fund is investing in unviable ventures.


 A section of the Pension Towers currently under construction. Some stakeholders say the Fund is investing in unviable ventures. Photo BY RACHEL MABALA.
  
By  FREDERIC MUSISI

In Summary
The Managing Director Mr Richard Byarugaba, whose contract expires with “immediate effect” today confirmed yesterday that he will exit the organisation he has managed for the last three years.


Kampala- The Ministry of Finance has instituted a new search process to fill several job positions at the National Social Security Fund, including coveted posts of Managing Director and Corporation Secretary.

The Managing Director Mr Richard Byarugaba, whose contract expires with “immediate effect” today confirmed yesterday that he will exit the organisation he has managed for the last three years.
“My contract expired in August but was extended temporarily to oversee the transition period, including acquiring a procurement contractor. The Minister chose not to renew my contract so it is true am leaving,” he told the Daily Monitor yesterday.

Mr Byarugaba said he would re-apply for the job.
“A procurement contractor has been brought on board and what I can tell you is that I will re-apply for the job.”

The Finance Minister, Maria Kiwanuka, early in July directed that all executive positions at NSSF be advertised internationally to have a new team in place by start of 2014, a move that would affect between 10 and 15 managers.

This came after the IGG launched investigations into allegations of mismanagement, abuse of office and fraudulent transactions by top officials.

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