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{
    "id": 724137,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/724137/?format=api",
    "text_counter": 334,
    "type": "speech",
    "speaker_name": "Hon. Keynan",
    "speaker_title": "",
    "speaker": {
        "id": 41,
        "legal_name": "Adan Wehliye Keynan",
        "slug": "adan-keynan"
    },
    "content": "Thank you, Hon. Speaker. I want to take this opportunity to thank Members for their important contributions to this particular Report. I am sure, having been the Chairman of the PIC in the past, this is something you also understand very well. I have had an opportunity to look at the reports and it is something that you have also gone through. The challenge here is that the NSSF is supposed to be a very important pensionary institution. Unfortunately, for the last two years, the NSSF has not had a confirmed Managing Trustee. On three occasions, there were advertisements which were later cancelled. That just tells you that somebody seated somewhere just wants to micromanage that very important institution. Whoever is appointed today will not even last for one year. It has had the highest turnover of Managing Directors in the history of any parastatal. This is something that, as a House, we must address and critically look at the NSSF Act to find mechanisms of giving tenure of office to whoever is appointed as the Managing Trustee. This is the only way we can safeguard the contributions of the taxpayer. I am sure you are familiar with the history of this particular issue because it happened around the time you were the Chair of the PIC. The NSSF buys plots from wheeler dealers who immediately they receive the cash, incite their supporters, in the name of squatters, to take over the plots. The NSSF Managing Trustee or whoever is in charge goes to court. The courts make a determination, but instead of the NSSF executing that particular order, they are told that security agencies are not there. Eventually somebody makes a decision that the squatters should be given the piece of land. They then go back to court and say that it cannot be for free and that they should pay a token, but even the token is not paid. Eventually, the same brokers go back to the NSSF and request for the plots to be developed for them. This is something that is unacceptable in these modern times. I am sure you have had an opportunity to look at this. If you go to countries like Malaysia, the NSSF of Malaysia is one of the most important institutions in that country. If you go to our neighbours in Tanzania, the Tanzanian NSSF is one of the best institutions in that country. The only thing that we see here are skyscrapers in the name of Hazina Towers and yet they add no value to the taxpayer. I am glad you are the Speaker of this House because you really understand the history of this organisation. One of the things that I urge the House to do is to The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}