NSSF has already embarked on building houses in Temangalo
Some of the land tiles of the controversial Temangalo land the National Social Security Fund (NSSF) bought in 2008 still belongs to businessman Amos Nzeyi.
This new development has been discovered by the select Parliamentary committee investigating mismanagement claims at the Fund.
In February2008, the then Security Minister Amama Mbabazi and businessman Amos Nzeyi sold the controversial land measuring 411.44 acres to NSSF at Shs11.2 billion (Shs24 million per acre).
Appearing before the Select Committee on Wednesday, February 8, 2023, Agnes Tibayeita Isharaza, the Corporation Secretary at NSSF told MPs that by the time the Fund bought the land in question, it already had problems.
She revealed that Amos Nzeyi plans to ‘swap’ part of the land being held by NSSF because it has encumbrances, but he (Nzeyi) has to first find suitable land acceptable to the Fund. Asked whether the titles of the part of the land in question are in the names of NSSF, Tibayeita responded: “Sir, they are not.” She said the titles of the land in question are still in the names of Amos Nzeyi.
Gerald Paul Kasaato, the Chief Investment Officer at NSSF said part of the Temangalo land is in a wetland.
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During a recent media tour of the houses being constructed in Temangalo, the former NSSF Managing Director, Richard Byarugaba, said that they have unimpeachable titles to all the land that the Fund purchased in 2008.
“The Fund is also the registered proprietor and is in possession of all the land titles. We are confident that the houses will be on the market for sale in 2024,” he said.
The Temangalo in Wakiso District is approximately located 17kms from Kampala City Centre.
The committee has also learnt that on 29th December 2010 Uganda Clays borrowed a loan worth Shs20bn from the Fund which made losses and up-to-date no amount has been paid, thus putting at risk the savers’ money.
Mwine Mpaka Rwamirama says the NSSF probe committee has today ended its probe with officials from the Fund.
