SNNIT officials in hot waters over $66m software deal

SNNIT officials in hot waters over $66m software deal

- EOCO is currently investigating five people for their involvement in the $66m SSNIT scandal

- The Board of SSNIT has since engaged the services of an audit firm, Price Waterhouse Coopers (PwC) to audit the transaction

Five persons at the Social Security and National Insurance Trust (SNNIT) are currently under investigation after reportedly buying a BOS software system for a whopping $66 million.


The news came to light after the current administration aired their discontent with the move at a media briefing on Tuesday.

SNNIT officials in hot waters over $66m software deal

SNNIT officials in hot waters over $66m software deal

The BOS software was supposed to help connect all branches of SNNIT across the country to the headquarters, and to also improve networking.


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However, after suspecting foul play in the amount used to secure the software, the board of SNNIT have moved quickly to investigate the matter by engaging the services of Price Waterhouse Coopers (PwC) to audit the transaction.


Explaining further on the issue, Director General of Finance, Administration and MIS at SSNIT, Mr. Michael Addo said the matter was currently under investigation and so it was “best to wait for the outcome of the PWC report.”


He added that the BOS software was “designed to improve SSNIT’s operating processes, to make if fast so that we can all network.”


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Chairman of the Board of Trustees, Dr. Kwame Addo Kuffour also disclosed that the Economic and Organised Crime Office (EOCO) has already taken up the issue, with some SNNIT officials being invited for questioning by the investigative body.


He confirmed that “about five people are being investigated and about fifteen have been called as witnesses.”

 

 

Source: Yen.com.gh

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