‘New birth for Nssa’

Source: ‘New birth for Nssa’ | Sunday Mail (Local News) Sunday Mail Reporter THE release of the long-awaited National Social Security Authority (NSSA) forensic audit report paves way for a new chapter that will see the fund conform to sound corporate governance and transparency, a Cabinet Minister, has said. Speaking after presenting the report to […]

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Source: ‘New birth for Nssa’ | Sunday Mail (Local News)

Sunday Mail Reporter

THE release of the long-awaited National Social Security Authority (NSSA) forensic audit report paves way for a new chapter that will see the fund conform to sound corporate governance and transparency, a Cabinet Minister, has said.

Speaking after presenting the report to Parliament, Public Service, Labour and Social Welfare Minister Dr Sekai Nzenza said the findings set a new trajectory for NSSA to provide social security.

The forensic audit was done by the Auditor-General at the instigation of the ministry.

“NSSA is entering a new chapter. We shall ensure that good corporate governance, transparency and accountability become best practice to protect the interests of the contributors to the pension fund,” said Dr Nzenza, who was accompanied by the NSSA board chairman, Dr Cuthbert Chidoori.

Dr Chidoori’s board, which was appointed in February 2019, was cast into the deep end following the release of the forensic audit report in March.

Due to the gravity of issues raised in the report, the NSSA board, in consultation with Dr Nzenza, enlisted the services to lawyers for guidance.

Dr Chidoori said it would have been reckless to release the report without seeking legal counsel.

The enlisting of lawyers, which was subject to Government procurement processes, took two months leading to the delayed release of the forensic audit report.

Dr Nzenza said findings of the report would provide hint on which issues required a legal approach – civil and criminal.

“In that regard, the board and management are working closely with the Zimbabwe Anti-Corruption Commission (ZACC) to ensure that if there are findings which point to criminal activities, they are managed accordingly,” said Dr Nzenza.

The Minister said her ministry, working with the board and management, remain committed to protecting the interests of those contributing to the pension fund.

“The role of the Minister, NSSA board and management, is to safeguard the interests of the pension fund. They have a responsibility as provided by the NSSA Act, to be accountable, transparent and above all, ensure good corporate governance of the institution,” she said

 

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