The National Social Security and Insurance Trust (NASSIT) of Sierra Leone is worth Le150billion (about $36m), the Director General of NASSIT, Mr. Joseph Mans, has said.

Koroma-Sierra Lone-2015

Mans said on Monday that the money was lodged in fixed deposit accounts.

He noted that the Trust also has Le80 billion (about US$20m) in government securities and that NASSIT is financially strong to meet all its obligations to the contributors.

These revelations followed concerns over the choice of investment by the Trust, which has come under criticism for not paying pensioners on time.

The management has been accused of making poor choice of investment, leaving majority of Sierra Leoneans in want for shelter. NASSIT is also accused of building expensive houses that caters for only a small fraction of the population.

The Trust had in the past been linked with corruption.