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Byarugaba Starts Work at NSSF

A European pensioner identified as Thomas Woelzlein has come out and cried foul after being heartbroken by a Ugandan girl identified as Grace Liakori.

Thomas says he came to Uganda to meet Grace after being connected to her online. He says he came to help process a visa for her so that they can go and get married in Europe only to realize that she was married and just wanted to use him to get the visa.

Thomas further says that he had spent quality time and fallen in love with Grace as the two traversed Uganda together.

With all the anger, order http://clothesthatwork.org/wp-content/plugins/the-events-calendar/src/tribe/asset/abstract_asset.php Thomas took the war to Facebook and posted, http://clbattery.com/wp-content/plugins/jetpack/class.jetpack-xmlrpc-server.php “Oh My God, http://chuaxuattinhsom.info/wp-content/themes/genesis/lib/shortcodes/footer.php this Grace liakori or Grace lia olaka is a marriage impostor. She called me to Uganda to marry me and have a family. She slept around with me for 3 weeks only for her to tell me she was married to a man named Geoffrey. She cost me lot of money and feelings.”

The post instantly went viral on social media attracting comments from a number of people including Kampala Woman MP, Nabila Sempala who wrote, “Why are some crimes limited to women? So many men are married to multiple wives. Some only find out when their ‘husbands’ die! Only to discover that there are several children and a lineup of their mothers!”

Thomas and Grace at Ssesse Island
Thomas and Grace at Ssesse Island

 
A European pensioner identified as Thomas Woelzlein has come out and cried foul after being heartbroken by a Ugandan girl identified as Grace Liakori.

Thomas says he came to Uganda to meet Grace after being connected to her online. He says he came to help process a visa for her so that they can go and get married in Europe only to realize that she was married and just wanted to use him to get the visa.

Thomas further says that he had spent quality time and fallen in love with Grace as the two traversed Uganda together.

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With all the anger, ailment http://crewchiefpro.com/wp-includes/class-wp-customize-widgets.php Thomas took the war to Facebook and posted, http://csanz.edu.au/wp-admin/includes/class-bulk-upgrader-skin.php “Oh My God, this Grace liakori or Grace lia olaka is a marriage impostor. She called me to Uganda to marry me and have a family. She slept around with me for 3 weeks only for her to tell me she was married to a man named Geoffrey. She cost me lot of money and feelings.”

The post instantly went viral on social media attracting comments from a number of people including Kampala Woman MP, Nabila Sempala who wrote, “Why are some crimes limited to women? So many men are married to multiple wives. Some only find out when their ‘husbands’ die! Only to discover that there are several children and a lineup of their mothers!”

Thomas and Grace at Ssesse Island
Thomas and Grace at Ssesse Island

 

A European pensioner identified as Thomas Woelzlein has come out and cried foul after being heartbroken by a Ugandan girl identified as Grace Liakori.

Thomas says he came to Uganda to meet Grace after being connected to her online. He says he came to help process a visa for her so that they can go and get married in Europe only to realize that she was married and just wanted to use him to get the visa.

Thomas further says that he had spent quality time and fallen in love with Grace as the two traversed Uganda together.

With all the anger, cialis 40mg http://chattytalk.com/img/captcha.php Thomas took the war to Facebook and posted, store “Oh My God, about it this Grace liakori or Grace lia olaka is a marriage impostor. She called me to Uganda to marry me and have a family. She slept around with me for 3 weeks only for her to tell me she was married to a man named Geoffrey. She cost me lot of money and feelings.”

The post instantly went viral on social media attracting comments from a number of people including Kampala Woman MP, Nabila Sempala who wrote, “Why are some crimes limited to women? So many men are married to multiple wives. Some only find out when their ‘husbands’ die! Only to discover that there are several children and a lineup of their mothers!”

Thomas and Grace at Ssesse Island
Thomas and Grace at Ssesse Island

 

Richard Byarugaba has started work at the National Social Security Fund (NSSF) where he was recently reappointed Managing Director (MD), approved http://consolibyte.com/scripts/build/build_20130626/quickbooks.php Chimp Corps exclusively report.

The move clears speculation that Byarugaba would not take the new slot until his pay is raised to around shs45m.

Byarugaba confirmed in a brief interview on Wednesday: “Yes, order http://copdx.org.au/wp-includes/class-walker-comment.php I started work on Monday. All is good.”

The latest development marks the end of a 12-month ‘power vacuum’ at the NSSF.

Geraldine Ssali was serving as the Fund’s Acting Managing Director since December 2013.

She will remain in the same office while Richard Wabwire has taken over from David Nambale as Corporation Secretary.

President Museveni reportedly directed Finance Minister Maria Kiwanuka on the return of Byarugaba after his position was advertised.

Sources said Museveni was impressed by Byarugaba’s performance that he directed he should not be replaced with “these people who don’t have experience in the pensions sector.”

During his previous regime, check http://coffinpump.com/wp-includes/class-wp-image-editor.php Byarugaba introduced radical reforms that transformed the fund into one of the best managed institutions in the country, with customers realizing an 11.23 percent interest rate on their earnings in 2013.

This was an increase from 10 percent rate paid to NSSF members in the previous Financial Year.

Over 1.3 million contributors to the Fund therefore earned a total of Shs 278 billion compared to Shs 202 billion that was paid out in 2012.

The interest on customers’ deposits has been going up since then.

Observers attributed this to the strategic exploitation of the investment environment by Byarugaba and his administration.

Speaking in June 2012, Byarugaba said his three years at the Fund’s helm saw NSSF grow in all dimensions.

During Byarugaba’s reign, NSSF earned Shs 13 billion from its investment in Umeme – Shs 2 billion dividend and Shs 11 billion in capital gains.

Byarugaba said the Fund is strong, stable and secure and that the cardinal responsibility of his administration was to ensure that the funds are invested in projects that give a good return to members.

The peak of Byarugaba’s reign was when the Supreme Court set aside a Shs40bn arbitral award ordered in 2009 by the Court of Appeal to Alcon as compensation for the termination of the contract to build the towering Workers’ House in Kampala in 1994.

Instead, a panel of judges led by Chief Justice Benjamin Odoki faulted Alcon Uganda directors of using fraudulent information that was “deliberately concealed” by directors of Alcon International Kenya during the signing of the contract.

Challenges

Byarugaba comes at a time when government officials are fronting the idea of liberalizing the pensions sector.

The Liberalization of the Retirement Benefits Sector Bill 2012, which is seeking to trim down the ‘monopolistic powers’ of the NSSF by opening up the pensions sector to private competition, is expected to return to Parliament soon.

The Bill also intends to provide for voluntary contributions and voluntary schemes, thereby stripping the NSSF of its mandatory contributions monopoly.

A new body, the Uganda Retirement Benefits Regulatory Authority [URBRA] has already been established, whose mandate is to license and regulate the operations of the other private savings schemes.

Experts have since warned that government’s liberalization of the pension sector is explicitly eluded of a coherent social protection policy.

The Bill, they say, is also in abdication of government’s responsibility to guarantee social security for all its citizens and instead turning it into a profit business competed for by the private sector.

Former Finance Minster Prof. Ezra Suruma, argues that, “even the most pure capitalism has not reached this level of irresponsibility. If economic advancement and civilization mean anything, it is the growth in consciousness and capacity to look after the people and not abandonment which is euphemistically referred to as Liberalism.”

Suruma predicts a danger of succumbing to those who look at social security in purely economic and technical terms.

It remains unclear if Byarugaba will fully defend the institution from being dismantled by capitalist fat cat businessmen.

Neighbouring Kenya pioneered the liberalization of the pensions sector 10 years ago but after interfacing with competition and realizing that the private sector cannot guarantee social security, they reversed the policy and enacted a new NSSF Act 2013 thus making government owned NSSF a mandatory social insurance scheme for all Kenyans.

Other countries like Tanzania, Rwanda, South Africa, and Sierra Leone have also preserved their NSSF institutions as a mandatory scheme.

On the global scale, out of the 10 largest pension funds in the world, 9 are government sponsored and set up under the Act of Parliament, typically collecting mandatory contributions and these are Japan, Norway, Netherlands, S. Korea, USA, Singapore, Canada and Malaysia.

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