SSNIT Blows Over GHS330K On OBS Audit

The Social Security and National Insurance Trust (SSNIT) has earmarked a whopping GHS 337,685 for auditing firm KPMG to conduct an audit on the controversial $72 million Operational Business Suite (OBS) contract.

SSNIT employed the services of KPMG on 2 February 2018 through a limited tender and the report was supposed to be ready by 17 September 2018.

The controversial OBS software procured by the state pension scheme manager was reported to have cost $72 million.

The initial cost of the contract was $34 million.

The former Director-General of SSNIT, Ernest Thompson, said there was nothing wrong with the $72 million software contract approved by the previous board.

The Economic and Organised Crimes Office (EOCO) probed some former officials of SSNIT in connection with alleged financial malfeasance relating to the procurement of the OBS software.

The software was to help in networking all branches of SSNIT across the country to enable them receive real-time data directly from the headquarters in Accra and enhance efficiency.

Former Board Chair of SSNIT, Prof Joshua Alabi, had also said that his board queried the inherited software contract which he said was approved by a predecessor board because the management went beyond the approved figure.

Dissociating himself from the alleged rot, Prof Alabi, who is eyeing the presidential slot of the main opposition National Democratic Congress, told Accra-based Citi FM in an interview that: “What really happened was that maybe the management went beyond the approved figure and brought it to the board for ratification and we queried it, and this is in the minutes, so this is what I can tell you about that project.

“It was awarded before my board, the management went beyond the contract sum without cause to the board, they came to the board for ratification and we queried it and warned the management but then I also want to believe that the previous board really took into consideration the operations of SSNIT before they awarded that contract and the management also explained to the board that there were some unforeseen expenditure that occurred and that was why they went beyond their contract sum but then we queried them because we said they should have brought it to the board for discussion and approval before awarding it,” the former Vice-Chancellor of the University of Professional Studies, Accra, said.

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