An audit at the Botswana Public Officers Pension Fund (BPOPF) has exposed possible corruption.
Fresh information turned up by WeekendPost suggests that since the reclaiming of the funds administration from one of the fund administrators close to 1.5 billion pula worth of funds have no trace of active pension members. The company, which acted as advisor to the multi-billion Pula Botswana Public Officers Pension Fund (BPOPF), has been at the centre of reports of concerns of possible conflict of interest.
The same company was providing Financial Services to BPOPF which includes collection of members’ contributions and administration of benefits for 15 years. BPOPF pulled out of the contract, which started in April 2001 ended in May 2016. But BPOPF has since taken over the services and is doing everything in-house. What ensued thereafter were endless court battles.
“It’s an issue of data. It’s another legal battle. You remember we took over the administration of the fund. Kante go na le maretshwanyana (There was a transgression of some sort),” a senior BPOPF official who spoke on condition of anonymity told WeekendPost this week. She continued: “and I am sure you have heard of what is happening to our industry lately.
So basically when we took over from them, and all of a sudden this year, it was the first year that the funds were administered ko go rona (by us at BPOPF), and so rona (we) we gave actuaries all the data we were given.” According to the impeccable source, the data revealed new information of ghost pension members which opened a can of worms.
“In the data, they (actuaries) came to the finding that, which they shared with us, that 1.5 billion pula has never been declared to us (BPOPF). This is a serious matter. So it resulted in us reaching a negative. So what this means is that the actual members have been over provided for the last 10 years (the money accrued over the period),” the official pointed out. So we now had to adjust the 1.5 billion and declare a negative return, she added.
But she said the board instead insisted that they are uncomfortable with the actuaries’ results and ordered for more investigations in the matter and “we hired another forensic investigator to carry out the investigations on that data further. So it may be true that this board again is superfluous.” The official who also makes part of the top management at BPOPF further highlighted to this publication that; so, that’s why there is need to investigate further. The immaculate source further maintained that, as a result, “this space (BPOPF) needs God’s glory, it needs God’s interference I tell you. In fact if we should just become alive to the fact that this is 6 billion pula of people’s (pensioners) money we are talking about here.”
BPOPF ‘fund cleansing’ leads to data challenges
Meanwhile it is understood that owing to the state of affairs at BPOPF including updating members’ records, some pensioners were not paid. It is said that some on pension payroll didn’t get their dues last month due to the fact that BPOPF have suspended about 2000 pensioners from the payroll, all of whom need to go to BPOPF offices to sign a certificate of existence in order to be paid. The suspended ones are said to be those who didn’t confirm that they are alive in the current year.
It is also said that pensioners need to sign a certificate of existence annually to confirm that they are still alive. It is further understood that most do not do so and this leads to paying deceased pensioners. The BPOPF Board of Trustees who is also the Chairman for the Communications Committee Solomon Mantswe said last week in a press briefing that they have had some data challenges that have led to a delay in announcing the interest rate for active and deferred members and an increase for pensioners.
Some of the board of Trustees of BPOPF include Chairman Carter Morupisi, Ruth Maphorisa, Kaelo Molefhe, Ikotlhaeng Bagopi, Boitumelo Molefhe, Charles Nkele, Tobokani Rari, Ketlhalefile Motshegwa, Johannes Tshukudu, Topias Morenga, Solomon Mantswe, and others amounting to 40 (including alternates).
According to Mantswe, the new Pensions Fund Act has actually addressed the size of the board (which is said to be oversized and redundant) and with effect from the 1st of April the board would be reduced from 40 to 11 members. The trustees are driving the business of the fund from modest beginnings to investment under management of funds over 60 billion pula to this day. BPOPF is the first largest pension in Botswana and the third in Africa.
Botswana Police Service (BPS) has indicated concern about the ongoing trend where the general public falls victim to criminals purporting to be police officers.
According to BPS Assistant Commissioner, Dipheko Motube, the criminals target individuals at shopping malls and Automated Teller Machines (ATMs) where upon approaching the unsuspecting individual the criminals would pretend to have picked a substantial amount of money and they would make a proposal to the victims that the money is counted and shared in an isolated place.
“On the way, as they stop at the isolated place, they would start to count and sharing of the money, a criminal syndicate claiming to be Criminal Investigation Department (CID) officer investigating a case of stolen money will approach them,” said Motube in a statement.
The Commissioner indicated that the fake police officers would instruct the victims to hand over all the cash they have in their possession, including bank cards and Personal Identification Number (PIN), the perpetrators would then proceed to withdraw money from the victim’s bank account.
Motube also revealed that they are also investigating a case in which a 69 year old Motswana woman from Molepolole- who is a victim of the scam- lost over P62 000 last week Friday to the said perpetrators.
“The Criminal syndicate introduced themselves as CID officers investigating a case of robbery where a man accompanying the woman was the suspect.’’
They subsequently went to the woman’s place and took cash amounting to over P12 000 and further swindled amount of P50 000 from the woman’s bank account under the pretext of the further investigations.
In addition, Motube said they are currently investigating the matter and therefore warned the public to be vigilant of such characters and further reminds the public that no police officer would ask for bank cards and PINs during the investigations.
Botswana Congress Party (BCP) leadership walked out of Umbrella for Democratic Change (UDC) National Executive Committee (NEC) meeting this week on account of being targeted by other cooperating partners.
UDC meet for the first time since 2020 after previous futile attempts, but the meeting turned into a circus after other members of the executive pushed for BCP to explain its role in media statements that disparate either UDC and/or contracting parties.
The Director General of the Directorate on Corruption and Economic Crimes (DCEC), Tymon Katlholo’s spirited fight against the contentious transfers of his management team has forced the Office of the President to rescind the controversial decision. However, some insiders suggest that the reversal of the transfers may have left some interested parties with bruised egos and nursing red wounds.
The transfers were seen by observers as a badly calculated move to emasculate the DCEC which is seen as defiant against certain objectionable objectives by certain law enforcement agencies – who are proven decisionists with very little regard for the law and principle.