The Social Security and National Insurance Trust (SSNIT) has begun retrieving monies owed it by some companies in the country.
The statutory public Trust among other things has sold properties belonging to some of the defaulters which include STC, Bridal Trust, Ghana Road Fund, Golden Beach hotels to raise the monies.
This action follows an exposé by Adom FM’s morning show host, Captain Smart on the flagship Fabewoso segment of the Morning Show, Dwaso Nsem.
He said SSNIT doled out over 40 billion in loans with no collateral – a situation which has condemned by many.
Weeks after the exposure, management of SSNIT has taken steps to get the companies pay back the monies.
All the properties of Bridal Trust were auctioned to offset the debt after a court judgement. Also, STC has agreed on a repayment plan to settle their debt.
Watch Captain Smart provide full details below: