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GERALDINE SSALI: NSSF should stop trying to save East Africa when the real owners of the money are crying for help At the request of an unnamed Member of Parliament, Ms. Geraldine Ssali, the former Deputy Managing Director of NSSF wrote an opinion regarding NSSF’s claims of inability to pay its members a partial 20% to ward off Covid-19 related financial difficulties, even when there is an enabling law. The Fund’s management in a letter to the Finance Minister also said that over and above being illiquid, a fire-sale of the Fund assets in the region and in Uganda would have dire macro-ecobomic consequences. But in her opinion, Ms. Ssali says NSSF is simply abandoning its members at their hour of most need and is choosing to hide behind all sorts of flimsy reasons. Here below, we reproduce the letter in verbatim with minor adjustments.
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