The National Social Security Fund (NSSF) of Uganda has decided to abandon its proposed land-swap arrangement with businessman Amos Nzeyi. Instead, the Fund will seek to recover the entire 55 acres of land at the center of their long-running dispute in Temangalo, Wakiso District. This decision was announced by NSSF Managing Director Patrick Ayota during a meeting with Parliament's Committee on Commissions, Statutory Authorities and State Enterprises (COSASE).
According to Ayota, the NSSF has a registered title to the land and will pursue its full recovery. This move marks a significant shift in the Fund's approach to resolving the dispute, which has been ongoing for months. Initially, the NSSF had proposed a land-swap deal that would have seen Nzeyi surrender 10 acres of alternative land to the Fund and purchase the remaining 45 acres at market value.
The proposed transaction was subject to several conditions, including valuations by the Government Chief Valuer and private valuers, approvals from the NSSF Board and the responsible minister, and compliance with the Public Procurement and Disposal of Public Assets (PPDA) framework. However, Ayota told the committee that this arrangement proved cumbersome due to the multiple institutional approvals required and the extensive consultations involved.
As a result, the NSSF has opted for a revised approach that will allow it to recover the entire 55 acres rather than proceed with the proposed land exchange and partial sale. This decision signals a renewed effort by the Fund to secure full possession of the Temangalo property, which has been at the center of a protracted dispute between the NSSF and Nzeyi.
The land dispute has been ongoing for some time, with the NSSF and Nzeyi engaging in negotiations to resolve the matter. The Fund's decision to abandon the land-swap deal and seek full recovery of the land is seen as a significant development in the case. The NSSF's move is aimed at resolving the dispute and securing its interests in the property.
The Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) is expected to play a role in overseeing the recovery of the land by the NSSF. The committee will likely monitor the progress of the Fund's efforts to recover the 55 acres and ensure that the process is carried out in accordance with the law.
The NSSF's decision to recover the entire 55 acres of land in Temangalo has significant implications for the Fund's operations and its efforts to secure its assets. The Fund's move is seen as a positive step towards resolving the dispute and securing its interests in the property. The outcome of the case is expected to have far-reaching consequences for the parties involved.
Key points
- The National Social Security Fund (NSSF) has abandoned its land-swap deal with Amos Nzeyi and will seek to recover the entire 55 acres of land in Temangalo, Wakiso District.
