The Social Security and National Insurance Trust (SSNIT) has refuted claims that funds of contributors are being diverted into personal investments by individuals

Reports on social media suggest that the SSNIT was diverting workers contributions into treasury bills for personal gains by some individuals at the company.

SSNIT says the reports are untrue and must be disregarded.

In a statement Thursday SNNIT said its current system makes it impossible for funds of contributors to be diverted.

“Systems put in place by the trust make it impossible for workers’ contributions to be diverted, hence it is totally untrue that SSNIT is diverting contributor’s monies into treasury bills for personal gains by some individuals,” the statement noted.

The statement added that ‘the management of SSNIT is assuring all contributors that their social security contributions and pensions are safe. Contributors should therefore ignore the call for them to rush to check their statement. The message therefore has no basis, is totally false, and must be disregarded”.