As NASSIT Clocks 15… Late President Kabbah, Others Honoured


By Musa Sesay

The National Social Security and Insurance Trust (NASSIT) has at the commemoration of its 15th anniversary of existence at the Bintumani Hotel, Aberdeen, west of Freetown, honoured key pioneers of its establishment.

The personalities honoured include, President Dr. Ernest Bai Koroma, the former President, late Alhaji Ahmad Tejan Kabbah, Engineer and politician, Andrew Kamoh Keili, former bank Governor, Sampha Koroma, the first Ghanaian born, Director General of the Trust, , Eric Adjei and Justice Sengu Koroma who was the Trust’s former Corporate Secretary, among others.

In his statement, the NASSIT Director General, Mr. Joseph Mans Jnr. disclosed that the commemoration focused on the reflection of individuals who have invested their precious time, ideas and energy to ensuring that the Trust not only survives but stands the test of time to the benefit of its contributors and country at large.

He, on behalf of the staff and management of the Trust expressed thanks and appreciation to all of them for their valuable contributions.

He disclosed that on the 12th of July, 2001, an Act was passed in Parliament for the establishment of NASSIT which, he said, later received presidential assent on the 20th of July 2001, became operational on the 30th of August, 2001, pursuant to statuary instrument and was launched in 2002 by President Ahmed Tejan Kabbah at Lagoonda entertainment complex.

Dr. Mans disclosed that much has been achieved since the inception of the Trust as, according to him, the total value of NASSIT’s investment portfolio as at June 2017 stands at Le146 billion; this figure, he said, is exclusive of cash balance at the Central and Commercial Banks which stands at 1.99% of the total portfolio.

The United States dollar reserves he added, amounts to US$445,46.

He furthered that NASSIT has a sober investments which he revealed include, Radisson Blu (Mammy Yoko Hotel), Golden Tulip, Kimbima Hotel, Hilton Cape Sierra Hotel, Goderich Estate, Plazas in Bo, Kenema and Makeni, Sierra Ferries, Agro Industry, the Sewa Ground Market under construction, among others.

In his statement, Vice President Victor Bockarie Foh congratulated the management, staff and Board Members of Trust for what he referred to as a job well done.

He said, this should be considered as a stock-taking time, 15 years down the line; a time for assessment and review of the administration and the challenges faced by the Trust.

On her part, the chairperson of the occasion, Gladys E.O Strasser-King said the three-day conference was not only part of the celebrations of the Trust’s 15th birthday but also a stock-taking period of its stewardship to stakeholders and its contributors and to further inform the public of its current achievement and development trajectory.