Concerns over financial management and accountability at the National Social Security and Insurance Trust (NASSIT) have deepened following revelations that approximately one hundred and sixty-five million Leones (NLe165,000,000) may be missing from the Trust’s accounts.

The issue came to light during a recent parliamentary debate, prompting calls for a full investigation into the institution’s finances.

Hon. Abdul Kargbo of the All People’s Congress (APC), representing Port Loko District, described the matter as “very serious,” stressing that NASSIT was created to secure the welfare of Sierra Leoneans after retirement. “Any mismanagement of contributors’ funds threatens public confidence in this institution,” he said.

He further criticized government ministries, departments, and agencies that deduct NASSIT contributions from employees’ salaries but fail to remit them to the Trust, calling the practice “dishonest” and urging the Committee on Labour to act.

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Adding to the debate, Hon. Abdul Karim Kamara, Chief Whip of the APC representing Kambia District, questioned NASSIT’s investment performance, noting the absence of visible projects despite significant contributions collected over the years. “Since its establishment, there is no tangible investment to show for the funds collected,” he remarked. “What if one day we all wake up and NASSIT has nothing to pay back?”

Lawmakers also linked the issue to broader financial management challenges within state institutions, including the Sierra Leone Road Safety Authority (SLRSA), urging Parliament to depoliticize oversight and strengthen transparency across public bodies.