PIA jit­tery over Satur­nia au­dit re­port

Daily Nation Newspaper - - Home News - By NA­TION RE­PORTER

THE Pen­sions and In­sur­ance Au­thor­ity (PIA) has failed to ex­cul­pate it­self on al­le­ga­tions that it did not sub­mit a re­port on the Satur­nia Trust Fund to the Min­istry of Fi­nance as re­quired by the law.

PIA regis­trar Martin Libinga when con­tacted de­clined to com­ment and said that a press state­ment would in­stead be is­sued but did not spec­ify when.

When pres­surised fur­ther the PIA regis­trar stood his ground say­ing he would not con­firm whether or not the re­port had been handed over to the Min­istry of Fi­nance.

PIA board chair­man Petronella Mwan­gala also re­ferred the re­porter back to Mr Libinga who vowed that

he would not com­ment on the mat­ter. Re­cently, the PIA told the

Daily Na­tion that a re­port on the Satur­nia Trust Fund had been de­liv­ered to the Min­istry of Fi­nance.

Var­i­ous po­lit­i­cal lead­ers have been riled and have de­manded for the probe of (PIA) to find out why a damn­ing au­dit re­port of the Satur­nia Trust Fund has not been availed to gov­ern­ment when the in­sti­tu­tion has in­sisted that it handed over.

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