The top executive members of the National Social Security Fund (NSSF) have vowed to stay put until the executive pronounces itself on the matter. This comes in response to the recent Parliamentary select committee report which called for their resignation. The Acting NSSF Managing Director, Patrick Ayota, and Board Chairperson, Peter Kibowa, maintained that the allegations against them contained in the report were false.

During a press briefing held at the NSSF headquarters, Ayota and Kibowa stated that the parliamentary report was merely advisory and did not require them to step down. They further refuted claims that 6 billion and 1.8 billion shillings of NSSF funds had been embezzled, stating that the money was still intact and in the custody of the fund.

The NSSF executives also reiterated their commitment to the fund and its stakeholders, promising to continue to work towards its growth and development. They called on the public to disregard the allegations contained in the report and allow the executive to handle the matter accordingly.

The Parliamentary select committee report had recommended that the NSSF executive members implicated in the alleged embezzlement of funds step down from their positions. The report had accused the executives of awarding tenders to companies associated with them, a move that had resulted in the loss of millions of shillings from the fund.

The NSSF is a government agency responsible for managing retirement benefits for formal sector employees in Uganda. The fund has been embroiled in numerous scandals in the past, prompting calls for reforms and greater transparency in its operations.