12/22/2025
Corruption and mismanagement Infect NASSIT's Lumley Beach Property
The National Social Security and Insurance Trust (NASSIT) and its Director General are under fire after it was revealed that rent due from the Trust's Lumley-Aberdeen Beach property could not be properly accounted for. According to available information, the Trust gave the property at Lumley Beach to Guoji Property and Investment Company as sweat capital. Despite the transfer, NASSIT has been unable to produce tenancy agreements linking occupants to the Trust, and management has failed to provide clear records of rental payments deposited into the Trust's property accounts.