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|18 NASSCORP Beneficiaries’ Money Stolen at LBDI |
|Published on August 31, 2009||Email To Friend Print Version
By: Jerome Toe
Authority of the National Social Security and Welfare Corporation (NASSCORP) said it has uncovered a syndicate in regard with illegal withdrawal of over US$9,000 and L$ 25,000 belonging to 18 beneficiaries of NASSCORP from the Liberia Bank Development and Investment (LBDI) from their established accounts by the Unknown persons in Monrovia.
According to the Managing Director of the corporation, Francis Kabbah, in recent time NASSCORP introduced a benefit disbursement system named and styled the Direct Bank payments service under which the corporation assists and facilitates individuals beneficiaries to establish accounts at the Liberia Bank for Development and Investment where the periodic appropriate benefit amounts are transferred and subsequent withdrawal can be made by beneficiaries.
Unfortunately for these 18 beneficiaries, they have discovered that some individuals burst into their accounts especially the United States dollars and withdrew US$9,000 and L$25,000 by unknown persons from the accounts of these 18 beneficiaries.
During the New conference, NASSCORP Authority has since requested the authority of LBDI to furnish them with signature cards of those who did the withdrawals and also launch an investigation with the view establishing the identity of those involved in the syndicate.
The NASSCORP Chief also disclosed that it has launched an investigation involves interrogation of personnel of the relevant departments that are involved with the processing and payment of claims and will leave no screw unturned.
Mr. Kabbah further stated that beneficiaries whose money was withdrawn will definitely be paid their benefits; therefore is urging the affected benefited beneficiaries to exercise patience while NASSCORP puts into place additional control mechanisms before paying the next claims.
Accordingly, NASSCORP is engaged in the re-verification of beneficiaries in an effort to prevent the recurrence of the this unwholesome incident, saying the corporation is putting into place the scanning of selected documents, photographs of claimants and the issuance of new beneficiaries I D Cards with new security features. He said this will help prevent fraudsters from using the old withdraw from other people’s account.
Mr. Kabbah averred that as a result of this exercise, payment of claims has been very slow, because each of the more than 3,000 beneficiaries has to be verified again and issued proceeding to the Bank for payment.
He said the new payment will remain in place until the exercise is completed. email@example.com