Poor management of investments by NAPSA worries Parley Committee

THE Committee on Parastatal Bodies yesterday resolved to send away the National Pension Scheme Authority (NAPSA) because their responses to queries cited in the latest Auditor General’s report were not in an easy to understand format. And committee chairperson Brian Kambita says the poor management of investments by NAPSA is a source of worry because this will affect the payment of pensioners in the country. Speaking during the meeting, Thursday, Kambita, who is also Zambezi East member of parliament said being veterans in appearing before the committee, NAPSA should have done a better job. “The committee deliberated after reviewing your submission. What came out eminently is the fact that you were unable to cite the queries that were contained in...